Given the following information for industry X in country A, and assuming that at least some of input Y is imported, that one unit of Y is required for each unit of X, and that country A is a "small" country:
$\begin{array}{lcc}
&\text { free trade price }&\text {nominal tariff rate }\
\text { final product X } & \$ 100 & 19 \% \
\text { input Y (only input to X) } & \$ 70 & 10 \%
\end{array}$
The effective rate of protection (ERP) for industry X is __________ percent.
A) 9
B) 19
C) 30
D) 40

Question

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The Answer of Given the following information for industry X in country A, and assuming that at least some of input Y is imported, that one unit of Y is required for each unit of X, and that country A is a "small" country:
$\begin{array}{lcc}
&\text { free trade price }&\text {nominal tariff rate }\
\text { final product X } & \$ 100 & 19 \% \
\text { input Y (only input to X) } & \$ 70 & 10 \%
\end{array}$
The effective rate of protection (ERP) for industry X is __________ percent.
A) 9
B) 19
C) 30
D) 40

Given the Following Information for Industry X in Country A