BBB4M Unit #1 Review

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1.
A government policy that limits imports to shield local businesses and jobs from foreign competition.
2.
Is the amount of worth that is added to a product at each stage of processing.
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Are government imposed limits on the amount of product that can be imported in a certain period of time.
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Are financial incentives provided to domestic industries, giving them a competitive advantage over foreign competitors.
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Is a ban on all trade with a specific country, often declared to pressure foreign governments to change their policies or to protest human rights violations.
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Is granted to an individual or group by a company to use that company’s name, services, products, and marketing.
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An economic conflict where one country imposes import taxes and the other retaliates with its own, creating a cycle of trade barriers.
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Is a branch of a company that’s run as an independent entity in a country outside of the one in which the parent company is located.
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Brings products or services into a country, for use by another business or for resale.
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A trade barrier that exists when countries have different standards for products in areas such as environmental protection, voltage, and health and safety.
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When an individual or company buys financial assets in another country to diversify their portfolio.
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Are taxes or duties put on imported products or services.
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Is a new company created when two or more businesses work together, usually with one business located in the country where the new company is established.
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Is a restriction on trade with a country, where one country punishes another country by stopping or limiting the trade of specific goods.
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A strategy of spreading investments across different areas to reduce risk and protect against losses in a single category.
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Grants permission to a company to use a product, service, brand name, or patent in exchange for a fee or royalty.
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Sends goods or services to another country.
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Are rules that let a government control, limit, or block companies or individuals from other countries from buying or investing in Canadian businesses, land, or property.