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Miriam is in 2nd grade.When her classmates are asked who she is,they have difficulty remembering her and find it hard describing her.She is neither liked nor disliked by her classmates,but for the most part,goes unnoticed.From the four categories of social status,Miriam would fall into the category of ____.
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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