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The value of a product is $5,000 before the tariff and the country imports $3,000 worth of components from another country. The value added after the imposition of the tariffs is $2,500. The effective rate of protection is percent. The value of a product is $5,000 before the tariff and the country imports $3,000 worth of components from another country. The country charges a tariff on final goods of 10 percent. The tariff on components is _______ percent

The value of a product is $5,000 before the tariff and the country imports $3,000 worth of components from another country. The value added after the imposition of the tariffs is $2,500. The effective rate of protection is percent. The value of a product is $5,000 before the tariff and the country imports $3,000 worth of components from another country. The country charges a tariff on final goods of 10 percent. The tariff on components is _______ percent

ENGR.ECONOMIC ANALYSIS
ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN:9780190931919
Author:NEWNAN
Publisher:NEWNAN
Chapter1: Making Economics Decisions
Section: Chapter Questions
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The value of a product is $5,000 before the tariff and the country imports $3,000 worth of components from another country. The value added after the imposition of the tariffs is $2,500. The effective rate of protection is percent. The value of a product is $5,000 before the tariff and the country imports $3,000 worth of components from another country. The country charges a tariff on final goods of 10 percent. The tariff on components _____ percent
Transcribed Image Text:The value of a product is $5,000 before the tariff and the country imports $3,000 worth of components from another country. The value added after the imposition of the tariffs is $2,500. The effective rate of protection is percent. The value of a product is $5,000 before the tariff and the country imports $3,000 worth of components from another country. The country charges a tariff on final goods of 10 percent. The tariff on components _____ percent
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