Questions and Answers
What is the most common form of tariff?
Import tariff, which is a tax on imported commodities usually imposed to limit the volume of imports
What is an export tariff primarily used for?
Generating government revenue
What is an ad valorem tariff based on?
A fixed percentage on the value of the traded commodity
What is the purpose of a specific tariff?
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Which group typically advocates for trade policies imposing restrictions?
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What is the primary purpose of an import tariff?
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What is an export tariff primarily used for in developing countries?
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What does an ad valorem tariff apply to?
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Which form of tariff is most commonly imposed to limit the volume of imports?
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What is the purpose of an ad valorem tariff?
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