A tax of 15 percent per imported item would be an example of:
A) Ad valorem tariff
B) Specific tariff
C) Effective tariff
D) Compound tariff

Name: A tax of 15 percent per imported item would be an example of: A) Ad valorem tariff B) Specific tariff C) Effective tariff D) Compound tariff
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Question

Quizplus · Accepted Answer

An ad valorem tariff is a tax based on the value of the item, expressed as a percentage, such as a 15 percent tax on the value of imported goods.

A Tax of 15 Percent Per Imported Item Would Be