Examlex
At the orientation for first-year students April felt overwhelmed by the number of people, the multiple conversations, and the forms that needed to be completed. April is experiencing:
Tariff
A tax or duty to be paid on a particular class of imports or exports, often used as a tool for trade policy.
Quota
A government-imposed trade restriction that limits the number or monetary value of goods that can be imported or exported during a specified time period.
Revenue
The total income generated by a business or government from its activities, including sales of goods and services, taxes, and other sources.
Importer or Exporter
A business or country that buys goods from abroad (importer) or sells goods to foreign countries (exporter).
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