compound tariff

Definitions

Economics

  • A tariff that combines both a specific and an ad valorem component. Thus, on an import with quantity q and price p, a compound tariff collects a revenue equal to tsq + tapq, where ts is the specific tariff and ta is the ad valorem tariff.
  • abbreviationmixed tariff
    (written as Compound tariff)
http://www.dictionarycentral.com/definition/compound-tariff.html