# Suppose there is no tariff on imported inputs and the ratio of the value of imported inputs the value of the final product is 0.5 If the nominal tariff rate on the final product is 10 percent, the effective tariff rate equals ? with Answer - Economics Mcqs | TestPrep

> Solved MCQ: Suppose there is no tariff on imported inputs and the ratio of the value of imported inputs the value of the final product is 0.5 If the nominal tariff rate on the final product is 10 percent, the effective tariff rate equals ? Correct Answer: D. 20 percent. Verified answer explanation for FPSC, PPSC, MDCAT, NTS, and CSS competitive exam preparation.

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# Suppose there is no tariff on imported inputs and the ratio of the value of imported inputs the value of the final product is 0.5 If the nominal tariff rate on the final product is 10 percent, the effective tariff rate equals ?

Direct Answer & Quick Reference

The correct option is **D. 20 percent**.

A. 5 percent

B. 10 percent

C. 15 percent

D. 20 percent **(Correct Answer)**

✨ Explain with AI

Verified Key: D. 20 percent
Solved by 2,829+ students

Verified against official examination board answer keys and standard curriculum textbooks.

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