Escalated tariffs refer to:

CA Foundation · Business Economics · MTP · September 2024
Escalated tariffs refer to:
(A) A. Nominal tariff rate on raw materials which are greater than tariffs on mfg. product
(B) B. A tariff which is escalated to prohibit imports of a particular good to protect domestic Industries
(C) C. Normal tariff rate on mfg. products which are greater than tariffs on raw material
(D) D. None of these

Suggested Answer and Working Notes:

Correct Answer: Option (C)

C. Normal tariff rate on mfg. products which are greater than tariffs on raw material

Topics: International Trade

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