Calculate the effective rate of protection for the domestic MP3 player industry following the imposition of a 20 percent tariff on the imports of MP3 players. The cost of material inputs used in the production of MP3 players in the country is $100 per unit, and there is free trade in these material inputs. The world price of MP3 players is $175 per unit. Assume that the country is a small country.

effective rate of protection for the domestic is 46 %

Explanation:

given data

imposition = 20 percent

cost of material inputs = $100 per unit

world price =  $175 per unit

solution

we get here Extra amount that is

Extra amount = world price × tariff mean   1

Extra amount = $175 × $20%

Extra amount = $35

and

So we get effective rate of protection for the domestic is

effective rate of protection =  35 ÷ (175-100)

effective rate of protection = 46 %

political parties perform an important task in government. they bring people together to achieve control of the government, develop policies favorable to their interests or the groups that support them, and organize and persuade voters to elect their candidates to office.

explanation:

a punishment or the threat of punishment used to enforce conformity. enforcement of norms or shared rules of conduct that tell people how to act in specific situations. social control. not everyone internalizes all of society's norms, and some people must be motivated by self-fulfillment.