Management Notes

Reference Notes for Management

Suppose that the United States imposes a tariff on ballpoint pens of 25 cents per pen plus 12 percent of the pen’s value. This is an example of a (an)

Looking for the answer to the question below related to Tariffs ?

Suppose that the United States imposes a tariff on ballpoint pens of 25 cents per pen plus 12 percent of the pen’s value. This is an example of a (an)

 Options:

a. specific tariff
b. ad valorem tariff
c. compound tariff
d. effective tariff

 

The Correct Answer Is:

  • c. compound tariff

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