2. The sales price of a TV set is 800$ and the value of imported input is 600$. The government targets an % 40 effective rate of protection. What should be the ad nominal tariff rate on imported TV sets?

Intermediate Financial Management (MindTap Course List)
13th Edition
ISBN:9781337395083
Author:Eugene F. Brigham, Phillip R. Daves
Publisher:Eugene F. Brigham, Phillip R. Daves
Chapter27: Multinational Financial Management
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2. The sales price of a TV set is 800$ and the value of imported
input is 600$. The government targets an % 40 effective rate of
protection. What should be the ad nominal tariff rate on
imported TV sets?
Transcribed Image Text:2. The sales price of a TV set is 800$ and the value of imported input is 600$. The government targets an % 40 effective rate of protection. What should be the ad nominal tariff rate on imported TV sets?
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