Protectionism Flashcards
1
Q
Tariff
A
A tax imposed on imports
2
Q
Quota
A
A limit on the volume of imports allowed into a country per year
3
Q
Export subsidy
A
A grant of money given by the government to an industry, in order to lower prices and increase output for exports .
4
Q
Non- tariff barriers
A
Usually, these are rules and regulations that control the standard of products to be sold in a country.
