Which of the Following Statements Is True of Tariffs

question 68

Multiple Choice

Which of the following statements is true of tariffs?

• A) Tariffs increase an imported product's appeal to buyers.
• B) Transit tariffs are the most widely-levied tariffs.
• C) Ad valorem tariffs are levied as a specific fee for each unit of an imported product.
• D) Export tariffs are used by countries when they believe an export's price is lower than it should be.

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Definitions:

Ignore

To refuse to take notice of or acknowledge; to deliberately overlook or exclude.

Age-Related

Pertaining to the effects or changes that are associated with aging or the progression of age.

Young-Old

Older adults aged 65 to 74, who tend to be active, healthy, and financially and physically independent.

Middle Adulthood

describes a period in human development, typically considered to range from about 40 to 65 years of age, characterized by stability, growth, and reassessment in various aspects of life.