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Ad Valorem Tariffs on Imports Are Based on a Percentage

question 104

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Ad valorem tariffs on imports are based on a percentage of an import's value,while specific tariffs are based on a lump sum per physical unit imported.


Definitions:

Two-Sample T-Test

A statistical test used to compare the means of two independent samples to determine if they come from populations with equal means.

Wilcoxon Signed Rank Test

A nonparametric statistical test used to compare two related samples, matched samples, or repeated measurements on a single sample to assess whether their population mean ranks differ.

Normal Approximation

A technique used to approximate a binomial distribution with a normal distribution when the sample size is sufficiently large.

Wilcoxon Signed Rank Test

A non-parametric statistical test that compares two related samples or repeated measurements on a single sample to assess whether their population mean ranks differ.

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