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15 cards from this deck
Buying & selling goods/services across national borders
Trade without restrictions between countries
Restricting trade to protect domestic economy
Tax on imported goods
Physical limit on quantity of imports allowed
Strict quality/safety standards on imports
Government financial support to domestic producers
Selling products at extremely low prices to capture market share
New or developing industries
Group of countries with agreements to encourage trade
Safeguards jobs in local industries from foreign competition
Gives new industries time to grow & become competitive
Stops unfair low pricing that eliminates competition
Provide income for public services & infrastructure
Trade bloc of SE Asian nations (Thailand, Vietnam, etc.)
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