Examlex
Exceptions to purchase power parity exist if arbitrage opportunities are limited by characteristics such as perishability or high transportation costs.
Quotas
Restrictions set by governments on the amount of a certain good that can be imported or exported.
World Price
The price of a good that is traded on the global market.
Imported
Products or services that are brought into one country from another for sale.
Tariff
A tax imposed by a government on goods and services imported from other countries, often used to protect domestic industries from foreign competition.
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