Protectionism

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Last updated 4:45 PM on 1/19/26
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4 Terms

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Tariffs

An indirect tax imposed upon imports which raises foreign firms’ unit costs

2
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Producer subsidies

A payment by the government to domestic firms to reduce their unit costs of production

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Quotas

Physical limit on the quantity of a particular import

4
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Non-tariff barriers

Regulatory measures imposed on foreign firms designed to raise their production costs