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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 MatchesCourt of protectionCourt of protectionAn office of the Supreme Court whose function is to manage and administer the property and affairs of people who, through mental disorder, are incapable of managing their own financial affairs. Patriotism argument for protectionPatriotism argument for protectionThe view that one is helping one's country by buying domestically produced goods instead of imports. In a nondistorted economy, this is not correct, since the country can do better producing where it has a comparative advantage rather than using scarce resources where it does not. Domestic content protectionDomestic content protectionUse of trade policies such as domestic content requirements to increase the portion of a product's value that is provided by domestic factors of production, either in direct production or through produced inputs. Exchange rate protectionExchange rate protectionThe manipulation of the exchange rate so as to increase the domestic prices of, and demand for, domestically produced goods. Since an undervalued currency stimulates demand for all domestically produced tradable goods, this form of protection, unlike tariff protection, can only be provided to the tradable sector as a whole, not to individual industries. Downside ProtectionDownside ProtectionGenerally used in connection with covered call writing, this is the cushion against loss, in case of a price decline by the underlying security, that is afforded by the written call option. Alternatively, it may be expressed in terms of the distance the stock could fall before the total position becomes a loss (an amount equal to the option premium), or it can be expressed as percentage of the current stock price. Further SuggestionsInvestor Protection SchemePolitical economy of protection Deposit Protection Scheme Safeguards protection Administered protection Consumer Credit Protection Act of 1968 Endogenous protection Intellectual property protection Self-sufficiency argument for protection Externalities argument for protection Second-best argument for protection Protection Fairness argument for protection Environmental protection argument for a trade intervention protection applied Noneconomic objectives argument for protection Securities Investor Protection Corporation Tariff protection Mortgage payment protection insurance (MPPI) Protectionism Effective rate of protection home responsibilities protection Payment protection insurance Content protection Retirement Protection Act of 1994 |
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