Social Studies, 28.12.2021 04:50 pettitchristy1

Suppose, in a small country, that under free trade a final good F has a price of $1,000, that the prices of the only two inputs to good F, goods A and B, are PA = $300 and PB = $500, and that 1

unit each of A and B is used in producing 1 unit of good F. Suppose also that an ad valorem tariff

of 20 percent is placed on good F, while imported goods A and B face ad-valorem tariffs of 20

percent and 30 percent, respectively. Calculate the ERP for the domestic industry producing good

F, and interpret the meaning of this calculated ERP (effective rate of protection).

Answers: 3

Show answers

Another question on Social Studies

Social Studies, 22.06.2019 07:00

Reasons for factor mobility of a combine harvester, cotton, an oil platforn and a woodland

Answers: 3

Answer

Social Studies, 22.06.2019 22:30

Occurs with the fully informed request of a competant adult patient or their surrogate. culture of life: select the best answer from the choices provided. a. voluntary euthanasia b. nonvoluntary euthanasia c. involuntary euthanasia d. passive euthanasia

Answers: 1

Answer

Social Studies, 23.06.2019 01:30

Why would nations in latin america be part of a mostly arab cartel group known as opec? a) latin america refused to do business with countries that were not part of opec. eliminate b) natural resources such as oil are a major economic development for some latin american countries. c) latin america has a long history of distrust of the united states and fears a take-over of oil fields. d) latin american nations such as venezuela needed in getting natural resources to other parts of the world. 15

Answers: 1

Answer

Social Studies, 23.06.2019 03:30

What is the treaty of ghent and what we’re the terms of this treaty?

Answers: 2

Answer

You know the right answer?

Suppose, in a small country, that under free trade a final good F has a price of $1,000, that the...

Questions