Tariffs assessed according to a physical unit of measurement are known as _______.

Name: Tariffs assessed according to a physical unit of measurement are known as _______.
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Tariffs assessed according to a physical unit of measurement are known as specific duties. Ad valorem duties are assessed as a percentage of the value of the goods, quota units limit the quantity of goods that can be imported, and compound tariffs are a combination of specific and ad valorem duties.

Tariffs Assessed According to a Physical Unit of Measurement Are