Examlex
What are the major tasks that a NIC performs?
Protective Tariff
A tax imposed on imported goods to shield domestic industries from foreign competition by making imported goods more expensive.
Import Quota
A government-imposed limit on the quantity or value of goods that can be imported into a country, used to protect domestic industries and manage trade balances.
United States
A country located in North America, comprised of 50 states, known for its significant economic, cultural, and political influence globally.
Switzerland
A landlocked country in Central Europe known for its high standard of living, neutrality, and picturesque landscapes.
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