Gr.9 - 37 Free Trade and Protection

It is the process by which the world is becoming increasingly interconnected through trade links.

• Free Trade

• Protection

• Globalisation

• Multinational Corporation

It is an organisation that operates in two or more countries.

• Free Trade

• Protection

• Globalisation

• Multinational Corporation

It means that international trade takes place without protectionist measures.

• Free Trade

• Protection

• Globalisation

• Multinational Corporation

It refers to the use of trade barriers to restrain foreign trade, thereby limiting overseas competition.

• Free Trade

• Protection

• Globalisation

• Multinational Corporation

It refers to the exchange of goods and services beyond national borders.

• Free Trade

• Protection

• Globalisation

• International Trade

It is the tax on imports which increases production costs for foreign firms.

• tariff

• import quota

• subsidy

• embargo

It is the quantitative limit on the sale of a foreign good.

• tariff

• import quota

• subsidy

• embargo

It is a form of government financial assistance to help cut production costs of domestic firms, enabling them to compete against foreign producers.

• tariff

• import quota

• subsidy

• embargo

It is a ban on trade with a certain country.

• tariff

• import quota

• subsidy

• embargo

It is the limit on the amount of foreign currency that can be obtained.

• tariff

• import quota

• exchange control

• embargo