[ESP231] U1 P2

The pattern of imports and exports that would result in the absence of trade barriers is called

advantages result because economies of scale limit the number of companies that

an industry can sustain.

Financial assistance to domestic producers in the form of cash payments, low-interest loans,
tax breaks, product price supports, or some other form is called

When a government guarantees that it will repay the loan of a company if the company should
default on repayment, it is called a

A designated geographic region in which merchandise is allowed to pass through with lower
customs duties and/or fewer customs procedures is called a (n)

A _________ is a government tax levied on a product as it enters or leaves a country.

A tariff levied by the government of a country that is exporting a product is called an

A _______ tariff is a tariff levied by the government of a country that a product is passing
through on its final destination

A tariff levied by the government in a country that is importing a product is called an

A tariff levied as a percentage of the stated price of an imported product is called ... tariff.