Question: Based on the information in the table above calculate the effective rate of protection and interpret your answer. Consider Product A is an imported product

Based on the information in the table above calculate the effective rate of protection and interpret your answer. Consider Product A is an

Based on the information in the table above calculate the effective rate of protection and interpret your answer. Consider Product A is an imported product and product B is the domestic product ( A&B are substitute goods)

imported product and product B is the domestic product ( A&B are

full question

Product A Cost Product B Cost Component parts1000 Imported component part 1000 Assembly activity 200 Assembly activity 250 Nominal Tariff 100 Nominal Tariff on imported 50 component parts Import price $1300 Domestic price $1300

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