__________ Are Levied as a Fixed Charge for Each for Each

question 122

Multiple Choice

__________ are levied as a fixed charge for each for each unit of a good imported.

• A) Specific tariffs
• B) General tariffs
• C) Ad valorem tariffs
• D) Global tariffs
• E) Sales taxes

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Definitions:

Demand Curve

A graphical representation that shows the relationship between the quantity of a good that consumers are willing to purchase and its price.

Consumers

Individuals or groups who purchase goods and services for personal use and not for manufacturing or resale purposes.

Microeconomic Theory

The study of individual, household, and firm behaviors in decision making and allocation of resources.

Emphasis

A special importance, value, or prominence given to something.