Free Trade Terms Flashcards

1
Q

Imports

A

goods or resources that are brought and brought (into) a country.

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2
Q

Exports

A

goods or resources that are sold and sent out to other countries

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3
Q

Tariff

A

a fee or tax on a good that is imported into a country

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4
Q

Quota

A

a limit on an amount of a good that can be imported into a country

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5
Q

Embargo

A

the refusal of one country to trade with another

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6
Q

Free trade

A

the economic practice where countries can import and export goods without fear of gout stopping it.

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