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Match each term in Column A with its definition in Column B.
(Column A) 1. favorable balance of trade 2. tariff 3. subsidy 4. customs inspection 5. “infant” industry 6. quota 7. foreign-currency controls. (Column B) a limit on the total amount or value of a
product that may be imported
b. limits on the amount of another nation's
money that an importer may buy to
purchase imports
c. an excess of exports over imports
d. an investigation to determine if goods entering the country are legal and if they are
subject to a tariff
e. a tax on imports
f. an industry that is in the early stages of de-
velopment in a country
g. a government payment to support an individual, a firm, or an industry.

Answer :

Baraq

Matching of items implies that one is merging or connecting or aligning items that share things or meanings in common together for a significant alignment. Read below about these matching.

What are the correct matching of these items?

The correct matching of these items are as given below;

  1. Favorable balance of trade: an excess of exports over imports
  2. Tariff: a tax on imports
  3. Subsidy: a government payment to support an individual, a firm, or an industry.
  4. Customs inspection: an investigation to determine if goods entering the country are legal and if they are subject to a tariff
  5. “Infant” industry: an industry that is in the early stages of development in a country
  6. Quota: a limit on the total amount or value of a product that may be imported
  7. Foreign-currency controls: limits on the amount of another nation's money that an importer may buy to purchase imports.

Therefore, the above matching is the correct matching of items.

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