Knowee
Questions
Features
Study Tools

A tax of 20 cents per unit of imported cheese would be an example of: Compound tariff Effective tariff Ad valorem tariff Specific tariff

Question

A tax of 20 cents per unit of imported cheese would be an example of: Compound tariff Effective tariff Ad valorem tariff Specific tariff

🧐 Not the exact question you are looking for?Go ask a question

Solution

The tax described in the question is an example of a Specific Tariff. This is because it is a fixed amount of tax that is applied per unit of imported goods, in this case, cheese. It does not vary with the value of the goods, but is a set amount per unit.

Similar Questions

A tariff is a tax on:Group of answer choicessavingscapital goodsimportsexports

This is as a source of revenue for the government and for the protection of domestic producers. a. import Tariff b. Import Duty c. Customs Duty d. Import Tax e. All of the above

Multiple Choice QuestionWhat are feed-in tariffs?Multiple choice question.The fees collected from waste haulers at landfills or incineratorsThe deposit collected at the point-of-sale for glass bottles or other recyclable materialsThe tax placed on food items grown more than a certain distance (usually 100 miles) from where they are soldThe money paid by utilities for the surplus power small producers load into the electrical grid

If a commodity X is subject to an import duty of 25% ad valorem, the nominal tariff is _________.Select one:a.0.5b.0.25c.0.125d.0.025

Tariffs levied as a fixed charge for each unit are known as:Question 9Select one:a.None of the aboveb.Specific tariffsc.Tariff rate quotasd.Ad valorem tariffs

1/2

Upgrade your grade with Knowee

Get personalized homework help. Review tough concepts in more detail, or go deeper into your topic by exploring other relevant questions.