Ad valorem is an export duty imposed by U.S. on agricultural exports. True False

ENGR.ECONOMIC ANALYSIS
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**Quiz Question: Ad Valorem Tax**

Question:  
Ad valorem is an export duty imposed by the U.S. on agricultural exports.

Options:
- ○ True
- ○ False

**Explanation:**  
This question tests the understanding of ad valorem taxes and their application by the U.S. government. Ad valorem, which translates to "according to value," typically refers to a tax based on the value of a transaction or property, such as sales tax or property tax, rather than a specific duty on exports.
Transcribed Image Text:**Quiz Question: Ad Valorem Tax** Question: Ad valorem is an export duty imposed by the U.S. on agricultural exports. Options: - ○ True - ○ False **Explanation:** This question tests the understanding of ad valorem taxes and their application by the U.S. government. Ad valorem, which translates to "according to value," typically refers to a tax based on the value of a transaction or property, such as sales tax or property tax, rather than a specific duty on exports.
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