The Difference Between a Specific Tariff and an Ad Valorem

question 172

Multiple Choice

The difference between a specific tariff and an ad valorem tariff is that a specific tariff

• A)is a set amount of money per unit of a product, while an ad valorem tariff is a set percentage of product price
• B)is a set percentage of product price, while an ad valorem tariff is a set amount of money per unit of a product
• C)names a particular good to which the tariff applies, while an ad valorem tariff applies to large classes of products
• D)applies only to imports, while an ad valorem tariff applies only to exports
• E)sets a strict quota limit on the amount one individual can purchase, while an ad valorem tariff sets no such limit

---

Definitions:

Merge Presentation

The process of combining multiple PowerPoint presentations into one seamless file, often used to consolidate information or collaborative work.

Glow Effect

A visual effect applied to text or graphics that creates a halo of light or color around the subject, enhancing its appearance.

Shape Effects

Visual enhancements applied to graphical objects in software applications, such as shadows, glow effects, bevels, and 3D rotations.

Replace

To remove an item and put another item in its place, often used in the context of editing text or data.