Examlex
Jenny learned to play the piano as a child and played very well until she stopped practicing in her late teenage years. In her 40s, Jenny decided to start playing the piano again. She quickly realized that she had lost most of her ability to play, so she took lessons to relearn how to play the piano. After several years of lessons, Jenny plays the piano very well. This example illustrates the multidirectional nature of development.
Tariff
A tax on imports.
Subsidy
Financial support provided by the government to businesses, individuals, or other entities, aimed at promoting economic activities or ensuring the affordability of basic goods.
Tariffs
Taxes imposed by a government on imported goods in order to protect domestic industries or to generate revenue.
Quotas
A quota is a government-imposed trade restriction that limits the number or monetary value of goods that can be imported or exported during a specified period.
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