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4. (10%) Import tariff on a manufactured product in a country Y equals 12 '56 while tariff on imported raw materials to produce such a

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4. (10%) Import tariff on a manufactured product in a country Y equals 12 '56 while tariff on imported raw materials to produce such a product is 4%. In price of the final product, value of imported raw materials makes up 60%. Calculate the effective rate of protection for domestic manufacturing in the country Y

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