An effective tariff is the sum of the ad valorem tariff plus the specific duty.

Name: An effective tariff is the sum of the ad valorem tariff plus the specific duty.
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An effective tariff is a measure of the total cost of tariffs, including both ad valorem (percentage of value) and specific duties (fixed amount per unit), but it is not simply their sum. It is calculated to assess the combined effect on the price of an imported good.

An Effective Tariff Is the Sum of the Ad Valorem