Chapter 9

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  1. world price
    the price of a good that prevails in the world market for that good
  2. tariff
    a tax on goods produced abroad and sold domesically
  3. import quota
    a limit on the quantity of a good that can be produced abroad and sold domestically

Card Set Information

Author:
 Ruth5151
ID:
 19815
Filename:
 Chapter 9
Updated:
2010-05-19 00:04:54
Tags:
Economics Mankiw
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Description:
A.P. Economics textbook, Chapter 9 vocabulary
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