A trade policy that does not restrict imports or exports (the free market idea applied to international trade)., FREE TRADE, An economic policy of restricting trade between nations by way of trade barriers such as tariffs and quotas to protect domestic industries., Protectionism, A limit on the amount or quantity of a particular good that can be imported or exported during a specific period, Quota, A tax imposed by a government on goods imported from another country, Tariff, An industry that is considered important for a country's economic growth, national security, or long-term development., A strategic industry, A new or developing domestic industry that is not yet strong enough to compete with established foreign companies., An infant industry, The ability of a country to produce a good or service more efficiently than another country., Absolute advantage, The ability of a country to produce a good or service at a lower opportunity cost than another country., Comparative advantage

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