Which Term Refers to a Tariff or Duty Assessed as a Percentage

question 5

Multiple Choice

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

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Definitions:

Intent

The state of mind with which an act is done, reflecting purpose, foresight, or desire towards a particular outcome.

Crimes

Acts or omissions that violate laws and are punishable by the government.

Foreign Intelligence Surveillance Court

A federal tribunal created to review and grant warrants for surveillance on foreign espionage agents within the United States requested by federal law enforcement and intelligence bodies.

Terrorism

The use of violence and threats to intimidate or coerce, especially for political purposes.