A tax of 20 percent per unit of imported garlic is an example of a(n)
A)specific tariff.
B)ad valorem tariff.
C)nominal tariff.
D)a disadvantageous tariff
E)effective protection tariff.

Name: A tax of 20 percent per unit of imported garlic is an example of a(n) A)specific tariff. B)ad valorem tariff. C)nominal tariff. D)a disadvantageous tariff E)effective protection tariff.
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Question

Quizplus · Accepted Answer

An ad valorem tariff is a tax based on the value of the item, in this case, 20 percent of the value of imported garlic.

A Tax of 20 Percent Per Unit of Imported Garlic