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Effective Rate of Protection Given the following information for industry X in country A, and assuming that at least some of input Y is imported,

Effective Rate of Protection Given the following information for industry X in country A, and assuming that at least some of input Y is imported, that one unit of Y is required for each unit of X, and that country A is a "small" country: Free trade price Nominal tariff rate Final product X $269 10% Input Y (only input to X) $191 15% The effective rate of protection (ERP) for industry X is (Keep your answer in percentage with 2 decimals. For example, If you got 15.26% , fill in 15.26 in the box below. Do NOT use 0.1526. )

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