Problem
The United States simultaneously limits imports of ethanol for fuel purposes, and pro-vides incentives for the use of ethanol in gasoline, which raise the price of ethanol by about IS percent relative to what it would be otherwise. We do, however, have free trade in corn, which is fermented and distilled to make ethanol, and accounts for approximately 55 percent of the cost. What is the effective rate of protection on the process of turning corn into ethanol?
The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.