Order the answer to: Calculate the rate of effective protection when t (the nominal

Academic Help business economics Order the answer to: Calculate the rate of effective protection when t (the nominal

business economics

Order the answer to: Calculate the rate of effective protection when t (the nominal

Question Calculate the rate of effective protection when t (the nominal tariff on the final commodity) is 40 percent, ai (the ratio of the cost of the imported input to the price of the final commodity in the absence of tariffs) is 0.5, and ti (the nominal tariff on the imported input) is 40 percent.
Subject business economics
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