| A | B |
|---|
| protectionism | The practice of the government putting limits on foreign trade to protect businesses at home. |
| tariff | A tax placed on imports to increase their price in the domestic market. |
| quota | A limit placed on the quantities of a product that can be imported. |
| embargo | A ban on the import or export of a product. |
| free trade | Few or no limits on trade between countries. |
| global marketplace | Domestic trade is the production, purchase, and sale of goods and services within a country. |
| global competition | This often leads to trade disputes, which occur when nations enact barriers to trade. |
| NATO | Is not an example of a trade alliance. |
