Basic tariff analysis A compound duty(tariff) is a combination of an ad valorem and a specific tariff. Modern governments usually prefer to protect domestic industries through a variety of nontariff barriers, such as Import quotas Limit the quantity of imports Export restraints Limit the quantity of exports Copyright C 2003 Pearson Education, Inc Slide 8-6Copyright © 2003 Pearson Education, Inc. Slide 8-6 • A compound duty (tariff) is a combination of an ad valorem and a specific tariff. • Modern governments usually prefer to protect domestic industries through a variety of nontariff barriers, such as: – Import quotas – Limit the quantity of imports – Export restraints – Limit the quantity of exports Basic Tariff Analysis