Asked by Andrea Morel on May 09, 2024
Verified
_______________________________ include quotas, domestic subsidies, discriminatory government procurement policies, and regulations such as import licensing and product standards.
Quotas
Predetermined limits on the amount of goods or services that can be produced, exported, or imported.
Domestic Subsidies
Financial supports provided by a government to local businesses or sectors to boost their competitiveness or manage the cost of their products and services.
Import Licensing
A governmental procedure requiring a permit or license to be obtained before goods can be imported into a country, often used to control the volume of imports.
- Grasp the essence and workings of international commerce and the movement of finances.
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Learning Objectives
- Grasp the essence and workings of international commerce and the movement of finances.
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