Answer:
effective rate of protection for the domestic is 46 %
Explanation:
given data
imposition = 20 percent
cost of material inputs = $100 per unit
world price = $175 per unit
solution
we get here Extra amount that is
Extra amount = world price × tariff mean ........................ 1
Extra amount = $175 × $20%
Extra amount = $35
and
So we get effective rate of protection for the domestic is
effective rate of protection = 35 ÷ (175-100)
effective rate of protection = 46 %
When everyone says yes for the bill atleast 3/5
The process of reasoning to a general conclusion through observation of specific cases is called Inductive Reasoning.
<h3>What is Inductive Reasoning?</h3>
Inductive reasoning is seen as a kind of a process or a method that is known to be used in the drawing of conclusions.
This can be done by going from a particular point to a general point and it is known to be one that is often contrasted with deductive reasoning.
Therefore, based on the above, The process of reasoning to a general conclusion through observation of specific cases is called Inductive Reasoning.
Learn more about reasoning from
brainly.com/question/25175983
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