Suppose that United States furniture makers import $100 of wood and parts in order to make a dining room table selling for $500. The imports have no tariff of quota restrictions.;Based on Instruction 1 above, if a tariff of 20 percent is placed on imports of dining room tables, the effective rate of protection is;30 percent.;40 percent.;25 percent.;20 percent.
Paper#33399 | Written in 18-Jul-2015Price : $27