Trade Barriers Flashcards
1
Q
embargo
A
a rule that restricts commercial trade with a country, often as a punishment
2
Q
implement
A
use to complete a specific action
3
Q
quota
A
a limit on the amount of a good that can be imported
4
Q
subsidy
A
a grant of money. special loans, specially priced insurance, and so on from a government to a business
5
Q
tariff
A
a tax on imported goods
6
Q
standard
A
requirements set on imported goods to enforce quality and protect consumers
