Which type of tariff includes those duties that are actually levied by the country?
A)Applied tariff
B)Bound tariff
C)Embargo
D)Punitive tariff
E)Quota

Question

Quizplus · Accepted Answer

Applied tariff is the actual rate of duty that is levied by the country on imported goods. Bound tariff refers to the maximum rate of duty that a country can impose under its WTO commitments, while embargo, punitive tariff, and quota are different types of trade barriers.

Which Type of Tariff Includes Those Duties That Are Actually