This is trade conducted without government barriers
What is Free Trade?
200
These are government set limits on the amount of a specific good can be imported
What are Import Quotas?
300
When Governments give money to certain industries so those businesses can charge lower prices its known as this. Corn, cotton and soybeans in the US...
What are Subsidies?
400
This is an economic strategy to limit trade
What is Protectionism?
400
This is the Decade long world wide economic crisis caused by the 1929 stock market crash & the failure of the banking system
What is the Great Depression?
500
This is a business or person with the resources to produce a good or service more efficiently than another business
What is Comparative Advantage?
500
This is the Depression era law that raised taxes on imported goods and started an international trade war which hurt trade and caused more unemployment.