A Fixed Tariff Differs from an Ad Valorem Tariff Because

Multiple Choice

A fixed tariff differs from an ad valorem tariff because an ad valorem tariff:

A) is a specific amount of money levied on each unit of a product sold by a country.
B) is a specific amount of money levied on each unit of a product brought into a country.
C) is based on the value of an item.
D) prohibits trade in a particular product.
E) limits the number of units of a particular product that can be imported into a country.