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11 August, 16:07

If the domestic value added before an import tariff for a product is $500 and the domestic value added after the tariff is $550, the effective rate of protection is

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  1. 11 August, 17:26
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    10%

    550-500 / 550 * 100

    50/500=.1

    .1 * 100 = 10%
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