2) Country X faces world prices for finished radios and radio components, which are 90 shillings and 80 shillings respectively. There is a 30% tariff on imported radios and 5% tariff on imported radio...

2) Country X faces world prices for finished radios and radio components, which are 90 shillings and 80 shillings respectively. There is a 30% tariff on imported radios and 5% tariff on imported radio components. What is the effective rate of protection ( in percentage terms ) for the radio assembly industry in country X? What is the nominal rate of protection in the radio assembly industry?