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10 cards from this deck
Govt actions to protect domestic industries from foreign competition
Tariffs, quotas, embargos, subsidies, administrative regulations
Tax on imported goods (e.g., customs duty)
Makes foreign goods pricier, domestic products more competitive
Limit on number of units that can be imported or exported
Complete ban on imports from a specific country
Payment to domestic firms to help with operating costs
Reduce costs for domestic firms to compete with foreign companies
Bureaucratic obstacles/red tape to make importing difficult
Reduce imports, protect jobs, safeguard industries, improve BoP
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