Question

Industrialized nation tariffs are higher on a. High technology imports. b. Unskilled labor intensive imports. c....

Industrialized nation tariffs are higher on

a.

High technology imports.

b.

Unskilled labor intensive imports.

c.

Skilled labor intensive imports.

d.

Semiskilled labor intensive imports.

Homework Answers

Answer #1

According to a 1962 UN World Economic Survey, it has been noted that tariff rates in industrial countries tend to increase with the degree of processing and thus provide a disincentive to the export of goods at higher levels of fabrication by developed economies.

According to this explanation, we can say that industrialized nations have higher tariffs on high technology imports as it involves a great amount of processing. Same can be said about skilled labor intensive imports too.

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