MGTA01H3 Lecture Notes - Lecture 11: French Wine, Protectionism, Reduced Cost
14
MGTA01H3 Full Course Notes
Verified Note
14 documents
Document Summary
10 - 12 (maybe a little more) fill in the blanks. Easy multiple choice for las 10 pages of the textbook. open to flow of products across border. Making it more difficult or more expensive to import products. Helping a domestic business compete against imported products. Suppose: ontario wine industry employs 10,000 people in ontario, most in the niagara region. A fee, or a cost, imposed on an item imported into a country. Charge (case of 12) for every case of french wine imported in canada. A limit- a maximum quantity - on a particular good that can be imported into canada. Limit the quantity of french wine allowed into canada. Financial assistance given to a business or industry. Helps a business that is not profitable. A partial or complete ban on trade with a country, in order to isolate it. Canada refused all trade with south africa during apartheid. In 2017 the british voted leave eu.
