Tariffs that are ad valorem are ________.
A)based on the weight or size of the imported product
B)assessed as a percentage of the imported product's value
C)intended to provide a steady flow of income for the government
D)charged regardless of the imported product's value

Question

Quizplus · Accepted Answer

Ad valorem tariffs are assessed as a percentage of the imported product's value, rather than being based on weight, size or a fixed dollar amount. They are intended to generate revenue for the government based on the value of the imported goods.

Tariffs That Are Ad Valorem Are ________