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vesna_86 [32]
3 years ago
11

Tariffs which are ad valorem are ________. Group of answer choices based on the weight or size of the imported product intended

to provide a steady flow of income for the government assessed as a percentage of the imported product's value levied on specific imported and exported products
Business
1 answer:
Vikki [24]3 years ago
3 0

Answer:  assessed as a percentage of the imported product's value levied on specific imported and exported products

                   

Explanation: In simple words, tariffs which are ad valorem are valued on the basis of the transaction value of the goods and services that are to be imported or exported.

This strategy is implemented when the country wants to decrease its export deficit by placing high tariffs on imported goods which are of low value to the economy.

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