Examlex
The ideal relationship of gases in the internal combustion gasoline engine is 14.7:1. What term is used to describe this?
Tariff
A tax imposed on imported goods, typically aimed at protecting domestic industries or raising government revenue.
Voluntary Export Restraint
An agreement between exporting and importing countries where the exporter agrees to limit the quantity of goods exported to the importing country.
Quota
A quota is a government-imposed trade restriction that limits the number or monetary value of goods that can be imported or exported during a particular time frame.
Tariff
A tax imposed by a government on goods and services imported from other countries, intended to increase their price and make domestic products more competitive.
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