A tax of 20 cents per unit of imported cheese would be an example of: Compound tariff Effective tariff Ad valorem tariff Specific tariff
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Solution 1
The tax described in the question is an example of a Specific Tariff. This is because it is a fixed amount of tax that is applied per unit of imported goods, in this case, cheese. It does not vary with the value of the goods, but is a set amount per unit. Knowee AI StudyGPT is a powerful AI-powered study tool designed to help you to solve study problem. Knowee AI StudyGPT is a powerful AI-
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