Ad Valorem Tariffs on Imports Are Based on a Percentage

question 104

True/False

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.

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Definitions:

Sign

An object, quality, or event whose presence or occurrence indicates the probable presence or occurrence of something else.

Symptoms

Signs or indications of a condition, disease, or change in the body's state, experienced by an individual.

Signs

In psychopathology, what the clinician observes about a patient’s physical or mental condition.

DSM-IV-TR

The Diagnostic and Statistical Manual of Mental Disorders, 4th Edition, Text Revision; a manual published by the American Psychiatric Association that outlines mental disorders and their symptoms.