**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.

Ad Valorem refers to an imposed duty on a percentage of value of the services or products being…

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

ENGR.ECONOMIC ANALYSIS

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ISBN:9780190931919

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Chapter1: Making Economics Decisions

Section: Chapter Questions

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