What is meant by an ad valorem, a specific, and a compound tariff? Are import or export

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What is meant by an ad valorem, a specific, and a compound tariff? Are import or export tariffs more common in industrial nations? In developing nations?

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International Economics

ISBN: 978-1118955765

12th edition

Authors: Dominick Salvatore

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Question Posted: Oct 27, 2017 09:26 AM

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What is meant by an ad valorem, a specific, and a compound tariff? Are import or export

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An ad valorem tariff is a tax which a fixed percentage of the value of the commodity ...View the full answer

International Economics

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