The nominal tariff rates on the 10 imports into the fictional country of Tarheelia, as well as
Question:
(a) Calculate the unweighted-average nominal tariff rate for Tarheelia.
(b) Calculate the weighted-average nominal tariff rate for Tarheelia.
Transcribed Image Text:
Nominal Nominal Rate Value Rate Value Good A 10% $400 Good F 2.5% $400 Good B 5% $600 Good G 15% $100 Good C Free $500 Good H S0.50 $400 unit 100 units) 40% $2.50/ unit Good D Good E 30% 2% $300 $200 Good 1 Good J $200 $100 (10 units)
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a The unweightedaverage nominal tariff rate is equal to 010 005 0 030 ...View the full answer
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