A specific tariff is different from an ad valorem tariff because it is:

CA Foundation · Business Economics · RTP · September 2026
A specific tariff is different from an ad valorem tariff because it is:
(A) (A) A percentage of trade value
(B) (B) A fixed amount per unit of imported goods
(C) (C) Applied only to exports
(D) (D) Used only under GATT

Suggested Answer and Working Notes:

Correct Answer: Option (B)

Correct Option: (B)

Topics: International Trade

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