Microeconomics Chapter 9 Part 2

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  1. Free trade
    Trade between countries that is without government restrictions.
  2. Quota
    A numerical limit a government imposes on the quantity of a good that can be imported into the country.
  3. Voluntary export restraint (VER)
    An agreement negotiated between two countries that places a numerical limit on the quantity  of a good that can be imported by one country from the other country.
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Drizzle
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284234
Card Set:
Microeconomics Chapter 9 Part 2
Updated:
2014-09-27 23:17:45
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Economics
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Chapter 9 Part 2
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