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An ad valorem would be considered which of the following? Tariff Embargo Quota License

Roztwór

Araceli veterano · Tutor durante 12 años
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Respuesta

The correct answer is 'Tariff'.

Explicación

## Step 1An ad valorem tax is a type of tax that is based on the value of a product or service. This type of tax is typically applied to goods that are imported or exported, and the tax is calculated as a percentage of the value of the goods.## Step 2Given the options, we need to identify which one is a type of tax that is based on the value of a product or service. ## Step 3A tariff is a tax imposed on imported goods and services. It is calculated as a percentage of the value of the goods or services, which aligns with the definition of an ad valorem tax.## Step 4An embargo is a government order that restricts commerce or exchange with a specified country or the exchange of specific goods. It is not a type of tax.## Step 5A quota is a government-imposed trade restriction that limits the number or monetary value of goods that can be imported or exported during a specific time period. It is not a type of tax.## Step 6A license is an official permission or permit to do something. It is not a type of tax.