A tax of 15 percent per imported item is an example of a(an)
A) ad valorem tariff.
B) specific tariff.
C) compound tariff.
D) optimum tariff.

Name: A tax of 15 percent per imported item is an example of a(an) A) ad valorem tariff. B) specific tariff. C) compound tariff. D) optimum tariff.
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Question

Quizplus · Accepted Answer

An ad valorem tariff is a tax imposed on imported goods based on a percentage of their value, which matches the description of a 15 percent tax per imported item.

A Tax of 15 Percent Per Imported Item Is an Example