An ad valorem tax is imposed on_____?
- Exports
- Imports
-
The Value of a Commodity
- Special Commodities
The correct answer is: C
Explanation
An ad valorem tax (Latin for "according to value") is a tax whose amount is based on the value of a transaction or of property. It is typically imposed at the time of a transaction, as in the case of a sales tax or value-added tax (VAT).