Economics · Public Finance and Taxation
A tax levied on a commodity based on its monetary value rather than its physical quantity or weight is known as a/an:
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Ad Valorem Tax✓
- 2Direct Tax
- 3Excise Duty
- 4Specific Tax
Correct answer
Ad Valorem Tax
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