Which term refers to a tariff or duty assessed as a percentage of an item's value?
A) specific duty
B) effective tariff
C) ad valorem duty
D) compound tariff
Answer: C) ad valorem duty
Which term refers to a tariff or duty assessed as a percentage of an item's value?
A) specific duty
B) effective tariff
C) ad valorem duty
D) compound tariff
Answer: C) ad valorem duty
If the answers is incorrect or not given, you can answer the above question in the comment box. If the answers is incorrect or not given, you can answer the above question in the comment box.