Which of the following refers to the percentage by which a nation’s trade barriers raises an industry’s value added per unit of output?
A. one-dollar, one-vote metric
B. effective rate of protection
C. terms-of-trade effect
D. monopsony power
Answer:B
Which of the following refers to the percentage by which a nation’s trade barriers raises an industry’s value added per unit of output?
A. one-dollar, one-vote metric B. effective rate of protection C. terms-of-trade effect D. monopsony power