Explain effective rate of protection for automobile industry, Microeconomics

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Explain effective rate of protection for automobile industry

Suppose that the world price of automobiles is $20,000 and automobile manufacturers in country A use $10,000 worth of imported inputs and no domestic inputs. What is the effective rate of protection for the automobile industry in country A, if there is a tariff of 25 percent on imported automobiles and a tariff of 50 percent on imported inputs used in this industry?

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Microeconomics: Explain effective rate of protection for automobile industry

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Microeconomics: Explain effective rate of protection for automobile industry

Reference No:- TGS048079

Have a Question? (oR Write a Review)

Recent Questions Asked Microeconomics

Q : How much to pay for a third pot

Q : Problem regarding principal residence

Q : Difference between direct and indirect materials

Q : Stock option plan for key executives

Q : Explain effective rate of protection for automobile industry

Q : Why can-t individual firm raise its price by reducing output

Q : Prepare the journal entry to record this sale

Q : How method of payment impacts returns to target shareholders

Q : Perform the macroeconomic analysis on the material

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Request for Solution File

Ask an Expert for Answer!!

Microeconomics: Explain effective rate of protection for automobile industry

Reference No:- TGS048079

Recent Questions Asked Microeconomics

Q : How much to pay for a third pot

Q : Problem regarding principal residence

Q : Difference between direct and indirect materials

Q : Stock option plan for key executives

Q : Explain effective rate of protection for automobile industry

Q : Why can-t individual firm raise its price by reducing output

Q : Prepare the journal entry to record this sale

Q : How method of payment impacts returns to target shareholders

Q : Perform the macroeconomic analysis on the material

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