EnglishproblemDescribeaspecifictariff,anadvaloremtariff,andacompoundtariff.Whataretheadvantagesanddisadvantagesofeach?不是解释这句意思是回答这个问题属于TheInternationalEconomy的

Question

English problem
Describe a specific tariff,an ad valorem tariff,and a compound tariff.What are the advantages and disadvantages of each?
不是解释这句意思 是回答这个问题 属于 The International Economy 的

Answer 1

A specific tariff,is a tariff of a specific amount of money that does not vary with the price of the good.These tariffs are vulnerable to changes in the market or inflation unless updated periodically.
An ad valorem tariff is a set percentage of the value of the good that is being imported.Sometimes these are problematic,as when the international price of a good falls,so does the tariff,and domestic industries become more vulnerable to competition.Conversely,when the price of a good rises on the international market so does the tariff,but a country is often less interested in protection when the price is high.
coumpond tariff called mix tariff,ia as calorem tariff plus another specified rate.