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10 cards from this deck
Govt restricts trade to protect domestic producers
Taxes on imported goods to make them more expensive
Physical limit on quantity of imports allowed into a country
Foreign firms sell products below cost in domestic market
New industries that have yet to establish themselves
Complete ban on imports, usually for political reasons
Rules & regulations making it hard for importers to enter
Financial support to domestic producers to help compete
Only work when demand is price elastic
Countries retaliate with own barriers, harming all parties
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