Question 47 An ad valorem tariff is An import tax that must be paid in kind (i.e., giving the government the good itself). A tax on imports defined as an amount of currency per unit of the good. O A requirement to pay the government a specified fraction of the monetary value of an imported good. Any tax on a particular imported good (as opposed to one on all imports).
Question 47 An ad valorem tariff is An import tax that must be paid in kind (i.e., giving the government the good itself). A tax on imports defined as an amount of currency per unit of the good. O A requirement to pay the government a specified fraction of the monetary value of an imported good. Any tax on a particular imported good (as opposed to one on all imports).
Essentials of Economics (MindTap Course List)
8th Edition
ISBN:9781337091992
Author:N. Gregory Mankiw
Publisher:N. Gregory Mankiw
Chapter9: Application: International Trade
Section: Chapter Questions
Problem 2PA
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