q and a 3 questions
1.Explain the role of the government in Agricultural Development.
2.The country of Mexland faces world prices for finished radios and radio components, which are $100 and $95, respectively. There is a 30 percent tariff on imported radios and no tariff on imported components. Calculate the effective rate of protection for the radio assembly industry in Mexland. Show your work.
3.Why is the use of complex macroeconomic planning models in developing countries limited?
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