Problem
1. Nominal tariff rates in industrial countries commonly increase with the stage of processing. Why exactly do LDCs object to such a tariff structure?
2. In a country with tariffs on a wide range of imported products, what can be said about the effective rate of protection in the country's export industries? Explain.
The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.