4.1.6 Restrictions to free trade Flashcards
1
Q
Types of restrictions on trade: Tariffs
A
Taxes placed on imported goods
2
Q
Types of restrictions on trade: Quotas
A
A limit on the total quantity of imported goods
3
Q
Types of restrictions on trade: Subsidies to domestic producers
A
Payments to domestic producers to lower their costs
4
Q
A
