Ad valorem tariffs are collected as
A)fixed amounts of money per unit traded.
B)a percentage of the price of the product.
C)a percentage of the quantity of imports.
D)All of the above.

Question

Quizplus · Accepted Answer

Ad valorem tariffs are calculated as a percentage of the price of the product being imported. This means that the amount of revenue collected through the tariff will vary depending on the value of the product being imported, rather than a fixed amount per unit or quantity traded.

Ad Valorem Tariffs Are Collected as