Tariffs levied as a fixed charge for each unit are known as:Question 9Select one:a.None of the aboveb.Specific tariffsc.Tariff rate quotasd.Ad valorem tariffs

These must be paid by firms as a punishment for engaging in unfair price competitionGroup of answer choicesExport tariffsCountervailing dutiesAntidumping dutiesImport tariffs

Direct restrictions on the quantity of some good that may be imported into a country are known as:Question 5Select one:a.None of the aboveb.Ad valorem tariffsc.Specific tariffsd.Tariff rate quotas

Tariffs are __________ by governments to make domestically produced goods more attractive and to raise revenue.*1 pointliftedputimposed

What is a tariff?*A tax charged on a person’s incomeA tax charged on goods and services leaving a countryA tax charged on goods and services coming into a country

A tariff is a tax on:Group of answer choicessavingscapital goodsimportsexports