Free Trade Flashcards
(6 cards)
1
Q
Imports
A
Resources that are bought and brought into a country
2
Q
Exports
A
Resources that are sold and sent out to other countries
3
Q
Tariff
A
Tax or a good that is imported into a country
4
Q
Quota
A
Limit on a amount of a good that can be imported into a country
5
Q
Embargo
A
Refusal of one country to trade with another
6
Q
Free Trade
A
Economic practice where countries can import and export without fear of government stopping it
