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Peterson Soft Drink Corp. imports fruit flavors for use in its products. The company pays $0.86 per pound on every shipment. Which type of tariff does the company pay?

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Answer: specific tariff

Step-by-step explanation:

A Specific tariff is form of tariff that is fixed per physical unit of a particular commodity that is being exported or imported into a country.

Since we are informed that Peterson Soft Drink Corp. imports fruit flavors for use in its products and that the company pays $0.86 per pound on every shipment. This us refered to as specific tax. Tax helps in generating revenue to the government.

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