Free Trade Terms Flashcards
1
Q
Import
A
Goods that are brought into a country
2
Q
Exports
A
Goods that are sent out of a country
3
Q
Tariff
A
It is a fee or tax on a good imported into a country
4
Q
Quota
A
Is a limit on a amount of a good that can be imported into a country
5
Q
Embargo
A
The refusal of one to trade with another
6
Q
Free Trade
A
One economic practice where countries can import and export without the government stopping it.
