Question
Suppose Nambia imports sardines at a border price of $5 per box. If there are 70 Nambia shillings to the dollar and Nambia imposes a
Suppose Nambia imports sardines at a border price of $5 per box. If there are 70 Nambia shillings to the dollar and Nambia imposes a 50 percent tariff on imported sardines, then the domestic price of the imported box of sardines is closest to:
A: 105
B: 400
C: 350
D: 525
E: None of the choices is correct
Nambia faces world prices for finished radios and radio components, which are 100 shillings and 95 shillings, respectively. There is a 30 percent tariff on imported radios and no tariff on imported components. The effective rate of protection for the radio assembly industry in Nambia is closest to:
A: 60%
B: None of the Choices is Correct
C: 30%
D: 5%
E: 600%
Nambia faces world prices for TVs and TV components, which are 500 shillings and 400 shillings, respectively. There is a 20 percent tariff on imported TVs and a 20 percent tariff on imported TV components. The effective rate of protection for the TV assembly industry in Nambia is closest to:
A: 0%
B: 20%
C: 120%
D: 40%
E: None of above
Nambia faces world prices for cars and car components, which are 50,000 shillings and 30,000 shillings, respectively. There is a 36 percent tariff on imported cars and a 60 percent tariff on imported car components. The effective rate of protection for the Nambian car assembly industry is closest to:
A: 24%
B: 67%
C: 0%
D: -24%
E: None of above
Thank you,
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