Home >> Flashcards >> Economics >> CH 6 Globalization and Proctectionism
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government policies to reduce or block imports |
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taxes on imported products. (imported products are more expensive, discouraging imports) |
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limits on the number of product that can be imported |
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regulations meant to make imports more costly or difficult
(ex: hand inspection every product in every box by the king before the product can be imported) |
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