Chapter 5 Flashcards
1
Q
A means of discouraging imports by placing a tariff on imported goods
A
Tariff
2
Q
Government payments to domestic firms
A
Subsidy
3
Q
Restrictions on the quantity of imports
A
Quota
4
Q
International agreements that show that exporting countries voluntarily agree to restrict their exports
A
Voluntary export restraints
5
Q
Certain proportion of the value of the goods made in one country must originate from that country
A
Local content requirements
6
Q
Beurocratic rule that makes it harder to import foreign goods
A
Administrative policies
7
Q
Tariff levied on imports that have been “dumped”
A
Anti-dumping regulation
