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will give like if correct Question 1 10 pts Effective Rate of Protection Given the following information for industry X in country A, and assuming
will give like if correct
Question 1 10 pts 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 $275 10% Input Y (only input to X) $168 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.) Step by Step Solution
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