A(n)________ tariff (or duty)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

Compound tariffs are a combination of ad valorem tariffs, which are calculated as a percentage of the goods' value, and specific tariffs, which are fixed fees based on a physical measure like weight or quantity. This makes option B the correct answer.

A(n)________ Tariff (Or Duty)is Levied on an Imported Product and Calculated