Neco Model Questions Vol1 2020 Government Question 42

Practice objective / multiple choice question 42 from the 2020 Neco Model Questions Vol1 Government examination.

Neco Model Questions Vol1 2020 Government Objective / Multiple Choice Hard Difficulty
Question 42 NECO_MODEL_QUESTIONS_VOL1 • 2020 • GOVERNMENT • objective

Country X, a WTO member, has bound tariff rates for three product groups: A = 12 %, B = 20 %, and C = 8 %. Under a new agreement it must lower its average bound tariff by 25 % of the current average, but no individual tariff may be reduced by more than 5 percentage points. Determine the new tariff rates for groups A, B and C that satisfy the conditions and minimise any excess reduction beyond the required average.

Answer Options

A. A = 12 %, B = 15 %, C = 4 %
B. A = 12 %, B = 14 %, C = 4 %
Correct Answer C. A = 12 %, B = 15 %, C = 3 %
D. A = 12 %, B = 16 %, C = 2 %
Correct Answer
C
Correct Option:
A = 12 %, B = 15 %, C = 3 %

About This Question

This is Neco Model Questions Vol1 2020 Government Question 42. It is one of the objective questions from the 2020 Neco Model Questions Vol1 Government examination.

Difficulty level: Hard .

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