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Econ 333 International Economics The world price of a refrigerator is $528. The value of imported components used to make the refrigerator is $250. The

Econ 333 International Economics

The world price of a refrigerator is $528. The value of imported components used to make the refrigerator is $250. The tariff on imported refrigerators is $67, but there is a tariff of $197 on the imported components. What is the effective rate of protection for refrigerators? % (round to two decimal places)

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