Effective rate of protection for domestic country is calculated by
A. $${\text{e}} = \frac{{{\text{t}} - {\text{ar}}}}{{1 + {\text{a}}}}$$
B. $${\text{e}} = \frac{{1 + {\text{a}}}}{{{\text{t}} - {\text{ar}}}}$$
C. $${\text{e}} = \frac{{{\text{t}} - {\text{ar}}}}{{1 - {\text{a}}}}$$
D. $${\text{e}} = \frac{{1 - {\text{a}}}}{{{\text{t}} - {\text{ar}}}}$$
Answer: Option C
Join The Discussion