Examlex
Match each item with a statement below.
-Software residing on a chip
Commodity
A fundamental product utilized in trade that can be exchanged for others of its kind.
Tariffs and Quotas
Government-imposed trade restrictions; tariffs are taxes on imported goods, while quotas are limits on the quantity of goods that can be imported.
Quotas
Restrictions imposed by a government on the quantity of a good that can be imported or exported during a specific period.
Tariffs
Taxes imposed by a government on imported goods to protect domestic industries or raise revenue.
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