The Benefits of Free Trade for Developing Countries Flashcards
1
Q
Imports
A
goods or natural resources that are bout or brought into a country
2
Q
Exports
A
goods or resources that are bought or brought into a country
3
Q
Tariff
A
fee or tax on a good that is imported into a country
4
Q
Quota
A
limit on amount of a good that can be imported to 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 or export goods without feat of government stopping it
