Fill in the Empty Boxes

question 123

Essay

Fill in the empty boxes.

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Definitions:

Tariffs

Taxes imposed by a government on imported goods, typically aimed at protecting domestic industries and increasing government revenue.

Quotas

Limits set by governments on the quantity of a good that can be imported or exported during a specific time period, often used to protect domestic industries.

Offshoring

Refers to the practice of relocating business operations or processes to another country, typically to reduce costs.

Exporting Jobs

The practice of relocating jobs and production facilities from one country to lower-cost or more efficient locations abroad, affecting the labor market in the country of origin.