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Geography key terms 1

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Quiz by Ruprect
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Last updated: September 22, 2017
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First submittedSeptember 22, 2017
Times taken9
Average score22.2%
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Key term
Definition
a tax imposed on imports
tariff
financial assistance to a business by a government
subsidy
a limit on the quantity of goods allowed into a country
quota
a policy to protect businesses by restricting imports into the country
protectionism
transferring ownership of a company from the public sector to the private sector
privatisation
the philosophy of free trade, free markets and private companies with no government interference
neoliberalism
same as outsourcing
offshoring
when a TNC takes over another company in a foreign country
foreign acquisitions
trade where governments don't apply tariffs or quotas
free trade
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