3 Tutorials that teach Interactions within the Global Economy
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Interactions within the Global Economy

Interactions within the Global Economy

Author: Aisha Williams

This lesson is an overview of trade restrictions and global markets.

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Introduction to Psychology

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  • Trade Restrictions

    Artificially limiting the business conducted between nations.

  • Tariff

    Any imports and exports tax that is placed on a group of products.

  • Trade Agreement

    A trade treaty between nations which sets rates of tax and any limit on restrictions.

  • Quota

    Limiting the amount of a good being traded to a specific amount or value.

  • Embargo

    A trade restriction that stop trade with a specific country.

  • Sourcing

    Determining the production location of goods based on external and internal variables of the business.