Specific tariffs are collected as ?
Correct answer: A. fixed amount of money per unit traded
- A. fixed amount of money per unit traded
- B. a percentage of money per unit traded
- C. a percentage of the quantity of imports
- D. All of the above
Explanation
A specific tariff is charged as a fixed monetary amount for each physical unit imported, such as $5 per kilogram. A percentage of the import’s value is an ad valorem tariff.
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