Which of the following is an import tariff?
A) transit tariff
B) ad valorem tariff
C) sua sponte tariff
D) complex tariff

Question

Quizplus · Accepted Answer

An ad valorem tariff is a tax levied on goods based on a percentage of their value. It is a type of import tariff that is commonly used by governments to protect domestic industries from foreign competition by making imported goods more expensive. The other options listed (transit tariff, sua sponte tariff, and complex tariff) are not import tariffs.

Which of the Following Is an Import Tariff