A(n) ________ tariff is levied as a percentage of the stated price of an imported product.

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An ad valorem tariff is a type of tariff that is levied as a percentage of the stated price of an imported product. This means that the amount of the tariff varies depending on the value of the imported product. Specific tariffs, on the other hand, are levied as a fixed amount per unit of the imported product, while compound tariffs are a combination of both ad valorem and specific tariffs. Specialized tariffs are not a commonly used term in trade policy.

A(n) ________ Tariff Is Levied as a Percentage of the Stated