Examlex
Why are the six core critical thinking skills not presented as a numbered list?
Quota
A government-imposed trade restriction that limits the number or monetary value of goods that can be imported or exported during a specified time.
Tariff
A tax imposed on imported goods and services to raise their price, thereby protecting domestic industries from foreign competition.
Liberalize International Trade
The process of reducing tariffs, quotas, and other barriers to allow for the free flow of goods and services across national borders.
Foreign Trade Competition
The competition that domestic companies face from abroad, influencing local markets, pricing, and product offerings.
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