Which tariff is expressed either on the basis of the value of the imported goods or on the basis of a unit of measure of the imported goods…

CA Foundation · Business Economics · PYQS · January 2025
Which tariff is expressed either on the basis of the value of the imported goods or on the basis of a unit of measure of the imported goods depending on which generates the most income (or least income at times) for the country?
(A) A. Ad valorem tariff
(B) B. Specific tariff
(C) C. Mixed tariff
(D) D. Compound tariff

Suggested Answer and Working Notes:

Correct Answer: Option (C)

C. Mixed tariff

Topics: International Trade

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