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economic growth

Types of Tariff

by R. MAK. on December 2, 2009 · 0 comments

in Trading

A tariff is a name given to a tax that is placed on imported goods. Each country posses separate tariff regulations.

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Types of Tariff

The five main types of tariffs include:

  • revenue,
  • ad valorem,
  • specific,
  • prohibitive and
  • protective.

Revenue Tariff

Government funds are increased by a revenue tariff. For instance, a tariff can be created by those countries that do not grow bananas by importing bananas.
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Foreign Exchange Market: Speculation

August 1, 2009

There is a regular recurrence of controversy related to currency speculators and their effect on currency devaluations and national economies. Nevertheless, it has been argued by the economists including Milton Friedman that speculators ultimately are a stabilizing influence on the market and they are performing an important function and that is they are providing a market for hedgers and they are transferring risk from…

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