A tariff is a tax imposed on goods traded across international borders, true, false, Tariff barriers directly affect prices, true, false, A quota sets a minimum trade limit , true, false, An embargo is a stricter form of quantity control that completely bans trade, true, false, Trade control instruments aim to, A) Protect domestic market, B) Increase foreign competition, Subsidies mean, A) Direct assistance, B) Export ban.

chapter 4

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