Most tariffs imposed by developed countries are ________.
A) transit tariffs
B) specific tariffs
C) ad valorem tariffs
D) compound tariffs

Name: Most tariffs imposed by developed countries are ________. A) transit tariffs B) specific tariffs C) ad valorem tariffs D) compound tariffs
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Question

Quizplus · Accepted Answer

Most tariffs imposed by developed countries are ad valorem tariffs, which are based on the value of the goods. This method allows for a proportional tax that adjusts with the price of the imported goods.

Most Tariffs Imposed by Developed Countries Are ________