For Each Historical Identification Question, Define the Term and Briefly

question 104

Short Answer

For each historical identification question, define the term and briefly describe its historical significance.
-Tacitus

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Definitions:

Trade Restrictions

Measures such as tariffs, quotas, and embargoes implemented by governments to control international trade and protect domestic industries.

General Agreement on Tariffs and Trade

An international trade treaty designed to boost economic recovery by reducing quotas and tariffs.

Free Trade Zones

Designated areas within a country where goods can be imported, handled, manufactured, and exported without direct intervention from customs authorities.

Mercosur

A South American trade bloc established to promote free trade and fluid movement of goods, people, and currency among its member countries.