A tax of 5% per unit of imported wine would be an example of a(n):
A)compound tariff
B)specific tariff
C)export tariff
D)ad valorem tariff

Name: A tax of 5% per unit of imported wine would be an example of a(n): A)compound tariff B)specific tariff C)export tariff D)ad valorem tariff
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Question

Quizplus · Accepted Answer

An ad valorem tariff is a tax based on a percentage of the value of the imported goods, in this case, 5% per unit of imported wine.

A Tax of 5% Per Unit of Imported Wine Would