Question

Specific tariffs are: Group of answer choices levied as a proportion of the value of the imported good. government payment to domestic producers. in the form of manufacturing or production requirements of goods. levied as a fixed charge for each unit of a good imported.

Answer 1

Answer:

Option (D) is correct.

Explanation:

We all know that a country imposes tariffs on the imports of a commodity to restrict imports from other country.

Specific tariff is a type of tariff that will be imposed on the every unit of a commodity that will be imported in a country. It is a amount of money that a person have to pay for every unit he or she imports.

It is mostly levied on the products like Fertilizers, rice, wheat, cloth, sugar, cement, etc.