Explain the Difference Between an Ad Valorem,specific and Compound Tariff

question 20

Essay

Explain the difference between an ad valorem,specific and compound tariff

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Definitions:

Vacuum Cleaners

Electrical appliances designed to use suction to remove dust and dirt from floors, upholstery, and other surfaces.

Express Authority

The authority of the agent as actually stated by the principal.

Implied Authority

When the authority of the agent is implied from surrounding circumstances, such as the position or title given (by the principal) to the agent.

Ratify

To officially approve or confirm actions, agreements, or treaties through a formal consent, typically by voting or signing.