1.5 Business Location

Question 1

Tarrif

Answer 1

Tax on foreign goods imported into a country

Question 2

Protectionist Measures

Answer 2

are policies that governments use

to protect their own businesses against foreign competiton

Question 3

Quota

Answer 3

A quota is a limit on the
number of foreign goods
imported into a country.

Question 4

Import

Answer 4

Good or services purchased overseas