When nations specialize and trade,
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A tariff is a tax put
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A quota
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An embargo stops exports or imports of a product
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Some countries require import or export licenses. When domestic
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Standards are laws or regulations that nations use to restrict imports.
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Subsidies can be thought of as tariffs in reverse. Instead of taxing the
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They all
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When
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Trade limits in one country, moreover, usually lead to limits
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In spite of these disadvantages, countries
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Governments are eager
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The decision to use trade restrictions like tariffs is an important one. Tariffs help some
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higher prices
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It is in the best interest
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