The world price of a refrigerator is $500. The value of imported components used to make the refrigerator is $341. The tariff on imported refrigerators is $144. What is the nominal rate of protection for refrigerators?% (round to two decimal places) Question 7 The world price of a refrigerator is $534. The value of imported components used to make the refrigerator is $338. The tariff on imported refrigerators is $132. What is the effective rate of protection for refrigerators? % (round to two decimal places)
