A(n)________ tariff is levied as a percentage of the stated price of an imported product.

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An ad valorem tariff is calculated based on the value of the imported product, usually as a percentage of the stated price. Specific tariffs are levied based on a set amount per unit, while compound tariffs combine both ad valorem and specific components. Transit tariffs are imposed on goods passing through a country but not intended for consumption in that country.

A(n)________ Tariff Is Levied as a Percentage of the Stated