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Suppose a good's unit value (price) of $200 is composed of $100 of domestic value added and $100 of imported components. If the country imposes
Suppose a good's unit value (price) of $200 is composed of $100 of domestic value added and $100 of imported components. If the country imposes a 20% tariff on imports of the good and a 10% tariff on the imported components, the effective rate of protection for the industry is Blank______ percent. Multiple choice question. 15 10 30
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International Economics Theory and Policy
Authors: Paul R. Krugman, Maurice Obstfeld, Marc J. Melitz
9th Edition
978-0132146654, 0132146657, 9780273754091, 978-0273754206
