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Nominal rate of protection |
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Nominal rate of protectionThe protection afforded an industry directly by the tariff and/or NTB on its output, ignoring effects of other trade barriers on the industry's inputs. Contrasts with the ERP.Similar MatchesEmployment argument for protectionEmployment argument for protectionThe use of a tariff or other trade restriction to promote employment, either in the economy at large or in a particular industry. This is a second best argument, since other policies -- such as a fiscal stimulus or a production subsidy -- could achieve the same effect at lower economic cost. Effective protectionEffective protectionThe concept that the protection provided to an industry depends on the tariffs and other trade barriers on both its inputs and its outputs, since a tariff on inputs raises cost. Measured by the effective rate of protection. Contingent protectionContingent protectionAdministered protection. Deposit Protection SchemeDeposit Protection SchemeA scheme set up to give limited financial protection to people with deposits in authorised banks which fail. Banks are authorised and supervised by the Financial Services Authority (FSA) and they are obliged to provide details of their deposit protection scheme and their claim procedures if requested by depositors. The FSA publishes a list of banks which are authorised under the 1987 Banking Act. The UK Deposit Protection Scheme covers 90% of a bank's total liability to a depositor subject to a set maximum. National defense argument for protectionNational defense argument for protectionThe argument that imports should be restricted in order to sustain a domestic industry so that it will be available in case of trade disruption due to war. This is a second best argument, since there are a variety of ways of providing for defense at lower economic cost, including production subsidies, mothballing, and stockpiling. Further SuggestionsFairness argument for protectionImport protection mortgage protection Protectionism Payment protection insurance Investor Protection Scheme Administered protection Mortgage payment protection insurance (MPPI) Balance of payments argument for protection Exchange rate protection Consumer Credit Protection Act of 1968 Foreign investment argument for protection Retirement Protection Act of 1994 home responsibilities protection court of protection Protectionism Safeguards protection Externalities argument for protection Building Societies Investor Protection Scheme Effective rate of protection Tariff protection Political economy of protection Labor standards argument for protection loan protection policy Labor standards argument for protection |
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