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Adv International Trade I > Protection and Openness > Flashcards

Protection and Openness Flashcards

1
Q

what is nominal rate of protection

A

measures amount by which trade policies raise gross price of final good above world price

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2
Q

what is effective rate of protection

A

net effects of input taxing and output subsidising effects of trade policy

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3
Q
A
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Adv International Trade I (3 decks)

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