Ad Valorem Tariffs Are

question 22

Multiple Choice

Ad valorem tariffs are

• A) import taxes stated in ads in industry publications.
• B) import taxes calculated as a fixed charge for each unit of imported goods.
• C) import taxes calculated as a fraction of the value of the imported goods.
• D) the same as import quotas.
• E) import taxes calculated solely on the origin country.

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Definitions:

Gustatory Cortex

The brain region involved in the perception of taste.

Taste Buds

Sensory organs located on the tongue that are responsible for perceiving and distinguishing between different tastes.

Semicircular Canals

Structures in the inner ear involved in maintaining balance and sensing head rotation.