A(n)_____________ on imports is a fixed amount per unit of the product assessed by the government at the border.

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Quizplus · Accepted Answer

A unit tax is a fixed amount per unit of the product assessed by the government at the border. Ad valorem taxes, on the other hand, are a percentage of the value of the imported product. Quotas restrict the quantity of imports, and subsidies are payments by the government to domestic producers to encourage production.

A(n)_____________ on Imports Is a Fixed Amount Per Unit of the Product