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Similar to Trade barriers UELMC (20)
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Trade barriers UELMC
- 1. Global and International Business
- 2. β’ The act of buying and selling goods and services. β’ Exchange (something) for Something else, typically as a commercial transactions
- 3. β’ Exchange of services and goods across various geographical boundaries Types of International Trade β’ Intra-firm trade β’ Inter-firm trade β’ Intra-industry trade β’ Inter-industry trade
- 4. β’ Tariffs β’ Non-Tariffs β’ Subsidies β’ Quotas
- 5. Tax that is imposed by the importing country when an imported good crosses its international boundary. Types β’ Specific (per unit tax) β’ Ad valoren (% of the value of good)
- 6. Non Tariffs Mechanism us by countries to restrict imports β’ Technical Barriers to trade β’ Specific limitations on trade β’ Charges on Imports β’ Investment regulations β’ Immigrants policies
- 7. A payment made by a government to domestic procedure based on quantity produced Forms β’ Cash Grants β’ Low Interest Loan β’ Tax Breaks
- 8. Quota is a limit on the quantity of a good that may be imported or is a direct restriction on the quantity of some good that may be imported into a country. β’ Under the tariff rate quota β’ Voluntary export restraint VER
- 9. β’ Protecting Domestic Employment β’ Protecting Consumers β’ Infant industries β’ National Security β’ Retaliation β’ Anti Dumping
- 10. β’ Theory of Comparative advantage β’ Increased Exports β’ Economies of Scale β’ Increased Competition β’ Surplus raw materials
- 11. Questions