Unlike an ad valorem tariff in international trade, the specific tariff is:
A) applied only to imports while the ad valorem tariff is applied only to exports
B) a fixed tax and the ad valorem tariff is set as a percentage of the product price
C) applied only to products produced in countries that are not members of the WTO
D) applied only to goods and the ad valorem is applied only to services
E) none of the other choices; the tariffs do not differ in use in international trade
Correct Answer:
Verified
Q179: Which of the following industries is NOT
Q180: Restrictions on a country's imports are generally
Q181: A tariff which imposes a fixed tax
Q182: A specific tariff is:
A) applied only to
Q183: A tariff which imposes a fixed tax
Q185: Which of the following is a way
Q186: The U.S. uses a Harmonized Tariff Schedule
Q187: A tariff which imposes a tax as
Q188: Another word for tariff is:
A) fee
B) fine
C)
Q189: The U.S. standardizes the way in goods
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