A ________ tariff is levied on an imported product and calculated partly as a percentage of its stated price and partly as a specific fee for each unit.

Question

Quizplus · Accepted Answer

The described tariff is a compound tariff, which combines both a percentage of the product's price and a specific fee per unit. A specific tariff would only be a fixed fee per unit, while an ad valorem tariff would only be a percentage of the product's price. There is no such thing as a specialized tariff.

A ________ Tariff Is Levied on an Imported Product and Calculated