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SAT Percen LSD Welcome to | | M MobLab Clas | f Login My Courses MindTap X G aad volerem ng.cengage.com CENGAGE | MINDTAP Q Se Chapter 04 Homework Back to Assignment Attempts 0 Keep the Highest 0 / 1 2. Calculating the effective rate of protection TeleGlobal is an American firm producing TV sets. TeleGlobal imports TV set components from Pakistan and assembles them domestically. Suppose that in the United States, a TV set sells for $300 and that 80% of the TV set's value comes from the value of the imported components. The United States imposes a 50% tariff on TV sets and a 10% tariff on the TV set's components. Assume that costs of producing components are the same in the United States and Pakistan and that transit costs are nonexistent. Based on the information provided, the effective rate of protection that TeleGlobal receives from the tariff is -150% -37.5% 46.7% 72.5% 210%