A lump-sum tax per unit on imports is known as:

Question

Quizplus · Accepted Answer

A lump-sum tax per unit on imports is a specific tariff. An import quota refers to a limit on the quantity of a good that can be imported, an ad valorem tariff is a tax based on the value of the goods being imported, an import concession is a reduction in tariffs granted by one country to another, and import substitution refers to a government policy of replacing imported goods with domestically produced goods. Therefore, A is the best choice.

A Lump-Sum Tax Per Unit on Imports Is Known As