The Benefits of Free Trade for Developing Countries Terms for Test Flashcards
1
Q
Imports
A
goods or resources that are bought and brought to a country
2
Q
Exports
A
goods or resources that are sold and sent out to other countries
3
Q
Tarriff
A
a fee or tax on a good that is imported into a country
4
Q
Quota
A
a limit on an amount of good that can be imported into a country
5
Q
Embargo
A
the refusal of one country to trade with another
