Question 47 An ad valorem tariff is An import tax that must be paid in kind (i.e., giving the government the good itself). A tax on imports defined as an amount of currency per unit of the good. A...

Extracted text: Question 47 An ad valorem tariff is An import tax that must be paid in kind (i.e., giving the government the good itself). A tax on imports defined as an amount of currency per unit of the good. A requirement to pay the government a specified fraction of the monetary value of an imported good. O Any tax on a particular imported good (as opposed to one on all imports).