Question

A country Kaishala imposes a 10% tariff on imported

Q: A country Kaishala imposes a 10% tariff on imported vehicles but no tariff on imports of machinery o

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vehicles but no tariff on imports of machinery or other inputs to the manufacture of vehicles. Suppose that under free trade, the cost of imported material is $8000 for a $10000 vehicle. Calculate the effective rate of protection.

A 20%

B 25%

C 30%

D 50%

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Question

A country Kaishala imposes a 10% tariff on imported

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