Specific tariffs are
A) import taxes stated in specific legal statutes.
B) import taxes calculated as a fixed charge for each unit of imported goods.
C) import taxes calculated as a fraction of the value of the imported goods.
D) the same as import quotas.
E) import taxes calculated based solely on the origin country.

Question

Quizplus · Accepted Answer

Specific tariffs are import taxes calculated as a fixed charge for each unit of imported goods. This is different from ad valorem tariffs, which are calculated as a percentage of the value of the imported goods.

Specific Tariffs Are