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17-2 Vocabulary jw
| Question | Answer |
|---|---|
| Any law tht limits free trade between nations. | trade barrier |
| A limit on the amount of a product that can be imported. | quota |
| the sale of a product in another country at a price lower than in the home market. | dumping |
| A fee charged for goods brought into one country from another. | tariff |
| a tax levied on imports specifically to raise money. | revenue tariff |
| a tax on imported goods to protect domestic goods. | protective tariff |
| a country's self-imposed restriction on exports. | voluntary export restraint (VER) |
| a law that cuts off trade with a specific country. | embargo |
| succession of increasing trade barriers between nations | trade war |
| the use of trade barriers between nations to protect domestic industry. | Protectionism |
| new industries that are often unable to compete against larger, more established competitors. | Infant industries |
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joannw15
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