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Complete the table with your answers in the space provided for as can be seen in the second

column of the table below.

Government
Interventions in Examples/Illustrations with brief discussion
International Trade
A tariff, sometimes known as customs duty, is a tax
placed on products when they pass national borders,
usually by the importing country's government. Tariff,
Tariffs duty, and customs all seem to be terms that can be
used interchangeably. Import tariffs are taxes assessed
on imports. There are 2 kinds of tariffs: particular
tariffs and ad valorem tariffs.
A government subsidy is a payment provided to a
producer by the government.  Subsidies also includes
Subsidies cash payments and government equity involvement.
However, they are less common because they directly
involve the use of government resources.
A voluntary import expansion is a movement in a
country's economic and trade policy that allows for
Import quotas and VER greater imports by decreasing tariffs or eliminating
restrictions. There are two techniques for limiting the
volume of imports.
Foreign currency restrictions, also known as currency
exchange controls, are restrictions imposed by certain
Currency controls governments that restrict the sale or purchase of
foreign currencies by citizens, as well as the sale or
purchase of local currency by foreigners.
Several nations now demand that a specific percentage
Local content of a product or item be made or "assembled" in their
requirements country. To conduct business in some nations, a local
firm must be employed as the domestic partner.
An anti-dumping is a government-imposed tariff on
imported products that it believes are underpriced.
Anti-dumping rules Also, Dumping happens when a company sells a
product at a lower price than the market, generally to
gain market share and undercut a competitor.
Export financing Export financing helps exporters in managing their
profitability. Export financing facilitates product
exchange across borders. Governments provide
financial assistance to local producers to encourage
them to export.
The term "free-trade zone" refers to a type of special
economic zone. Certain geographic regions are
designated as free-trade zones. In order to encourage
Free-trade zones
commerce with foreign nations, some sectors have
lower tariffs, taxes, customs, procedures, or
limitations.
Employees are informed about the office's regulations,
the company's objectives and values, and HR-related
problems like as paid time off and health insurance
eligibility through administrative policies. These are
Administrative policies the administrative rules and processes that
governments can employ to discourage imports by
making entrance and operations more complex and
time-consuming.

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