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6. A small country has the following tariff structure on leather products: raw materials 5% semi-manufactures 15% finished products 35% The world prices for the
6. A small country has the following tariff structure on leather products: raw materials 5% semi-manufactures 15% finished products 35% The world prices for the products are: raw materials PR = $80 semi-manufactures PS W = $220 finished products PF = $500 Assume the cost of inputs for the raw materials process is $0. The production process can be mapped as: inputs - raw materials - semi-manufactures - finished products Determine the Effective Rate of Protection on Raw materials, Semi-manufactures, and Finished products
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