Mathematics, 23.12.2019 23:31, tonnie179
Suppose, to produce $200,000 worth of finished cloth in the us, textile producers import $150,000 of raw materials. the raw materials are imported duty free. however, the us has imposed a5% nominal tariff on imports of finished cloth. what is the effective rat of tariff protection enjoyed by the domestic cloth producers in the us?
Answers: 1
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Suppose, to produce $200,000 worth of finished cloth in the us, textile producers import $150,000 of...
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