A tax on imports equal to a percentage of the cost of those imports is known as
a. a specific tariff
b. an ad valorem tariff
c. a tax on luxury goods only
d. an effective quota
e. an ad valorem quota
B
Economics
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Assess the impact on the bond market of the rise in Internet trading of stocks
What will be an ideal response?
Economics
When a government imposes price controls, the result is that
A) the rationing function of prices is not allowed to function freely. B) the price system operates more efficiently. C) all trades are as mutually beneficial to each party as possible. D) scarcity usually disappears.
Economics