Ad valorem tariffs are
A) Duties levied per physical unit of the commodity imported
B) Duties levied as fixed percentage of the value of the imported commodity
C) Duties which tend to vary with the prices of the imported commodities
D) None of the above
Correct Answer:
Verified
Q2: In world markets, the actual gain is
Q3: The theory of gains from trade was
Q4: Prof. Ronald Findlay modified Ricardo's measure of
Q5: The income terms of trade is called
Q6: The tariff that maximizes a country's welfare
Q8: On the basis of origin and destination
Q9: Specific tariffs are assessed
A)On the value of
Q10: A quota which established thorough mutual agreements
Q11: Effects of tariffs included
A)Income effect
B)Effect on demand
C)Effect
Q12: When a uniform rate of duty is
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