A(n)______________ is a tariff calculated on the price of a final commodity.
A)optimum tariff
B)prohibitive tariff
C)nominal tariff
D)terms of trade effect on a tariff

Name: A(n)______________ is a tariff calculated on the price of a final commodity. A)optimum tariff B)prohibitive tariff C)nominal tariff D)terms of trade effect on a tariff
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Question

Quizplus · Accepted Answer

A nominal tariff is a tariff levied on the price of a final commodity, calculated as a percentage of the commodity's value.

A(n)______________ Is a Tariff Calculated on the Price of a Final