The difference between a specific tariff and an ad valorem tariff is that a specific tariff
A) is a set amount of money per unit of a product, while an ad valorem tariff is a set percentage of product price
B) is a set percentage of product price, while an ad valorem tariff is a set amount of money per unit of a product
C) names a particular good to which the tariff applies, while an ad valorem tariff applies to large classes of products
D) applies only to imports, while an ad valorem tariff applies only to exports
E) sets a strict quota limit on the amount one individual can purchase, while an ad valorem tariff sets no such limit
Correct Answer:
Verified
Q88: Exhibit 19-5 Q89: Exhibit 19-6 Q90: Exhibit 19-5 Q91: If there are no trade restrictions, a Q92: As a result of a tariff on Q94: Exhibit 19-6 Q95: Exhibit 19-5 Q96: Exhibit 19-6 Q97: A country will import a good only Q104: As a result of a tariff on Unlock this Answer For Free Now! View this answer and more for free by performing one of the following actions Scan the QR code to install the App and get 2 free unlocks Unlock quizzes for free by uploading documents![]()
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