Specific tariffs are levied as a proportion of the value of the imported good
Indicate whether the statement is true or false.
FALSE
Specific tariffs are levied as a fixed charge for each unit of a good imported (e.g., $3 per barrel of oil). Ad valorem tariffs are levied as a proportion of the value of the imported good.
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All of the following are tax return preparers except
A. A person who prepares a substantial portion of the return for a fee. B. A person who prepares a claim for a refund for a fee. C. A person who gives an opinion about theoretical events that have not occurred. D. A person who prepares a United States return for a fee outside the United States.
Stocks for which any missed dividend payments must be paid in the future to the preferred shareholders before the common shareholders can receive any dividends are known as ________
A) cumulative preferred stocks B) noncumulative preferred stocks C) common stocks D) participating preferred stocks