Specific Tariffs Are

question 108

Multiple Choice

Specific tariffs are

• A) levied as a proportion of the value of the imported good.
• B) government payment to domestic producers.
• C) in the form of manufacturing or production requirements of goods.
• D) levied as a fixed charge for each unit of a good imported.

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Definitions:

Contract

A legally binding agreement between two or more parties that creates mutual obligations enforceable by law.

Disaffirming

The act of rejecting or nullifying an agreement or contract, particularly in the context of legal minors or parties without the capacity to enter into a contract.

Minor

A person who is under the age of legal adulthood.

Contract

A contract among two or more entities that is legally enforceable.