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    Macroeconomics A Contemporary Introduction Study Set 1
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    Exam 17: International Trade
  5. Question
    Ad Valorem Tariffs on Imports Are Based on a Percentage
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Ad Valorem Tariffs on Imports Are Based on a Percentage

Question 104

Question 104

True/False

Ad valorem tariffs on imports are based on a percentage of an import's value,while specific tariffs are based on a lump sum per physical unit imported.

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