If the world price of steel is $500 a ton a specific tariff $50 is equivalent to an ad valorem tariff of______________? Options: A . &nbsp5 percent B . &nbsp10 percent C . &nbsp15 percent D . &nbsp20 percent

If the world price of steel is $500 a ton a specific tariff $50 is equivalent to

Question - If the world price of steel is $500 a ton a specific tariff $50 is equivalent to an ad valorem tariff of______________?

Options:

A . 5 percent

B . 10 percent

C . 15 percent

D . 20 percent

Answer: Option B
NO EXPLANATION IS AVAILABLE FOR THIS QUESTION!

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