1
Q
protectionsim
A
imposing trade barriers and restrications on trade
2
Q
factors of protectionism
A
tarrifs - makes more expensive
quotas - makes more expensive
subsidies - increase supply by giving money
3
Q
aim of protectionsim
A
protect domestic industry
4
Q
domestic industry importance
A
- provide domestic jobs
- provide domestic income (gdp)
- increases spening (gdp)
Edexcel Business A level Theme 4
flashcards
Decks in class (14)
# Cards
-
4.1.13
-
4.1.27
-
4.1.36
-
4.1.44
-
4.1.53
-
4.2.1 - conditions that prompt trade9
-
4.2.2 - assesment of countries as a market2
-
4.2.3 - assesment of countries as a production location1
-
4.2.4 - global mergers or joint ventures3
-
4.2.5 - global competitiveness3
-
4.3.1 - marketing6
-
4.3.2 - global niche markets3
-
4.3.3 - cultural and social issues4
-
Flying0
