Free Trade Flashcards

1
Q

Imports

A

Are goods brought into the country.

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2
Q

Exports

A

are goods brought out of the country.

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3
Q

Tariff

A

A fee or a tax of a good

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4
Q

Quota

A

Limited amount of a good that is imported

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5
Q

Embargo

A

Refuse to trade with one- another

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