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Tariffs

are taxes added to the price of goods or services that are purchased from another country.

Imports

are goods or services that a country purchases (receives) from another country.

Quotas

are the number limit on how many items or a particular product can be purchased from another country.

Specialize

is to focus on economic activities best suited for available resources.

Exports

are goods or services that a country sells (sends) to another country.

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