Suppose that it take 100000 of steel to produce 2000000 of
Suppose that it take $100,000 of steel to produce $2,000,000 of cars. If the nominal tariff on steel is 10% for the steel and 20%for cars, what is the effective rate of protection for the steel industry?
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suppose that it take 100000 of steel to produce 2000000 of cars if the nominal tariff on steel is 10 for the steel and
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