What would be the effective rate of protection on bicycles in China if China places a 45 percent tariff on bicycles, which have a world price of $210, and no tariff on bike components, which together have a world price of $110? The effective rate of protection (ERP) is percent. (Round your answer to two decimal places.)
What would be the effective rate of protection on bicycles in China if China places a 45 percent tariff on bicycles, which have a world price of $210, and no tariff on bike components, which together have a world price of $110? The effective rate of protection (ERP) is percent. (Round your answer to two decimal places.)
Micro Economics For Today
10th Edition
ISBN:9781337613064
Author:Tucker, Irvin B.
Publisher:Tucker, Irvin B.
Chapter15: International Trade And Finance
Section: Chapter Questions
Problem 5SQP
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What would be the effective rate of protection on bicycles in China if China places a 45 percent tariff on bicycles, which have a world
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