Specific tariffs areA) import taxes stated in specific legal statutes.B) import taxes calculated as a fixed charge for each unit of imported goods.C) import taxes calculated as a fraction of the value of the imported goods.D) the same as import quotas.E) import taxes calculated based solely on the origin country.
Question
Specific tariffs areA) import taxes stated in specific legal statutes.B) import taxes calculated as a fixed charge for each unit of imported goods.C) import taxes calculated as a fraction of the value of the imported goods.D) the same as import quotas.E) import taxes calculated based solely on the origin country.
Solution
Step 1: Read the question carefully to understand what is being asked.
Step 2: Analyze the options provided and try to eliminate any obviously incorrect choices.
Step 3: Examine each remaining option and determine if it accurately describes specific tariffs.
Step 4: Option A states that specific tariffs are import taxes stated in specific legal statutes. This means that the import taxes are explicitly mentioned in specific laws. This could be a possible answer.
Step 5: Option B states that specific tariffs are import taxes calculated as a fixed charge for each unit of imported goods. This means that the import taxes are a set amount for each unit of goods imported. This could also be a possible answer.
Step 6: Option C states that specific tariffs are import taxes calculated as a fraction of the value of the imported goods. This means that the import taxes are a percentage of the value of the goods imported. This does not accurately describe specific tariffs, so it can be eliminated.
Step 7: Option D states that specific tariffs are the same as import quotas. Import quotas are restrictions on the quantity of goods that can be imported, not taxes. This is incorrect and can be eliminated.
Step 8: Option E states that specific tariffs are import taxes calculated based solely on the origin country. This means that the import taxes are determined based on the country from which the goods are imported. This does not accurately describe specific tariffs, so it can be eliminated.
Step 9: Based on the analysis, the possible answers for specific tariffs are options A and B.
Step 10: Compare options A and B to determine which one is the most accurate description of specific tariffs.
Step 11: Option A states that specific tariffs are import taxes stated in specific legal statutes. This implies that the import taxes are explicitly mentioned in specific laws, which is a common practice for imposing tariffs. This is a valid and accurate description of specific tariffs.
Step 12: Option B states that specific tariffs are import taxes calculated as a fixed charge for each unit of imported goods. This implies that the import taxes are a set amount for each unit of goods imported, which is also a valid and accurate description of specific tariffs.
Step 13: Based on the comparison, both options A and B accurately describe specific tariffs.
Step 14: Therefore, the answer to the question is that specific tariffs are import taxes stated in specific legal statutes (option A) and import taxes calculated as a fixed charge for each unit of imported goods (option B).
Similar Questions
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