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

## Step 1<br />An 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.<br /><br />## Step 2<br />Given the options, we need to identify which one is a type of tax that is based on the value of a product or service. <br /><br />## Step 3<br />A 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.<br /><br />## Step 4<br />An 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.<br /><br />## Step 5<br />A 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.<br /><br />## Step 6<br />A license is an official permission or permit to do something. It is not a type of tax.