Suppose, to produce $200,000 worth of finished cloth in the us, textile producers import $150,000 of raw materials. the raw materials are imported duty free. however, the us has imposed a 5% nominal tariff on imports of finished cloth. what is the effective rate of protection enjoyed by the domestic cloth producers in the us?
a. 20%
b. 10%
c. 10%
d. 5%

Identify and describe a variety of performance rating scales that can be used in organizations including graphical scales, letter scales, and numeric scales.

In which of the following games is it clearly the case that the cooperative outcome of the game is good for the two players and bad for society? a. two oil companies own adjacent oil fields over a common pool of oil, and each company decides whether to drill one well or two wells.b. two airlines dominate air travel between city a and city b, and each airline decides whether to charge a "high" airfare or a "low" airfare on flights between those two cities.c. two superpowers decide whether to build new weapons or to disarm.d. in all of the above cases, the cooperative outcome of the game is good for the two players and bad for society

When immigration adds to the size of the domestic labor pool, which of the following is likely to occur? a. wages decrease. b. productivity increases. c. consumption decreases. d. minimum wage increases.