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QUESTION 2 12 points Save Answer Assume the ratio of the value of imported input to the value of the finished good is 0.78 and the nominal tarifi rate on an imported final product is 0 22 of the government wants to achieve an effective rate of protection of 36% what will be the required nominal tariff rate on the imported input? If on the other hand, the government wants to achieve an effective rate of protection of 42% what will be the required nominal tariff rate on the imported input? CF) Does your answers in (1) and (1) confirm that lower nominal tarif rate on the imported input yield higher effective rate of protection? Briefly explain your answer For the toolbar, press ALT+F10 (PC) or ALTFN+F10(Mac). I V S Paragraph Arial 10pt A LI: XO a 6 E x X, L1 TT " 22 2 E. 23 EEE ) 60 V V - @ +