Term
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Definition
| The act of a country or business selling products at less than what it cots to produce them |
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Term
| Name the 4 BRIC countries |
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Definition
| Brazil, Russia, India, China |
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Term
| What is an economic trade barrier? |
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Definition
| Infastructural, Monetary, etc. |
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Term
| What is an Ethical/Legal/Political trade barrier? |
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Definition
| Embargo's, Counterfeit Products, etc. |
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Term
| What is a Social/Cultural trade barrier? |
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Definition
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Term
| What is a technological trade barrier? |
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Definition
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Term
| What does a Tariff prevent? |
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Definition
| Used to prevent "dumping" by a nation on goods imported |
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Term
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Definition
| Restrictions of # of units of product that can be imported |
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