1.5- Business Location

Question 1

Protectionist measures

Answer 1

Policies that governments use to protect their own businesses against foreign competition

Question 2

Tariff

Answer 2

A tax on foreign goods imported into a country

Question 3

Imports

Answer 3

Goods and services purchased from overseas by concumers of businesses

Question 4

Quota

Answer 4

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