Examlex
Describe the average company's balance between high tech and low tech.
Tariff
A tax imposed by a government on goods and services imported from other countries, to regulate trade and protect domestic industries.
Protectionism
The economic policy of restricting imports from other countries through methods like tariffs and quotas to protect domestic industries.
Frederic Bastiat
Frederic Bastiat was a 19th-century French economist and writer known for his advocacy of free markets, individual freedoms, and his critiques of socialism.
Balance-Of-Trade Deficit
A situation where a country's imports exceed its exports, leading to a negative balance in trade.
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