Examlex
Which of the following statements is false?
Protection
An alternative term for trade protection; policies that limit imports.
Foreign Trade
Involves the exchange of goods and services between countries, can be through importing or exporting.
Import Tariffs
Taxes imposed by a government on goods and services imported from other countries to protect domestic industries from foreign competition.
Quotas
Quotas are government-imposed trade restrictions that limit the number or monetary value of goods that can be imported or exported during a specific time period.
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