A tax that is levied on a foreign product entering a country is called an export tariff.
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Q15: The total value of a nation's exports
Q16: A limit on the amount of a
Q17: Political considerations usually are involved in a
Q18: Quotas may be set on worldwide imports
Q19: Comparative advantage is the ability to produce
Q21: The World Trade Organization (WTO) was established
Q22: Devaluation decreases the cost of foreign goods
Q23: From 1947 to 1994, GATT was unable
Q24: Trade restrictions limit choices for consumers but
Q25: A reduction of the value of a
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