While _____ tariffs are levied as a fixed charge for each unit of a good imported,_____ tariffs are levied as a proportion of the value of the imported good.

Question

Quizplus · Accepted Answer

Tariffs fall into two categories - specific tariffs are levied as a fixed charge for each unit of a good imported and ad valorem tariffs are levied as a proportion of the value of the imported good.

While _____ Tariffs Are Levied as a Fixed Charge for Each