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When a country refuses to trade with another country
Embargoes
Japan
India
Market Economy
Traditional Economy
Tariffs
Quotas
Command Economy
If decisions are based on basic survival of family and/or community members
Embargoes
Japan
India
Market Economy
Traditional Economy
Tariffs
Quotas
Command Economy
If the government makes the decisions about what and how much to produce
Embargoes
Japan
India
Market Economy
Traditional Economy
Tariffs
Quotas
Command Economy
When a country limits the amount of goods coming in from another country...
Embargoes
Japan
India
Market Economy
Traditional Economy
Tariffs
Quotas
Command Economy
Taxes that are added to imported goods.
Embargoes
Japan
India
Market Economy
Traditional Economy
Tariffs
Quotas
Command Economy
Its economy is now mixed. The government still controls businesses to some degree, but not nearly as much as it once did. Most of its millions of citizens live in extreme poverty.
Embargoes
Japan
India
Market Economy
Traditional Economy
Tariffs
Quotas
Command Economy
If all of the economic decisions are made by basic supply and demand
Embargoes
Japan
India
Market Economy
Traditional Economy
Tariffs
Quotas
Command Economy
Its economy is thriving! One of the wealthiest nations in the world. Prices of goods and services are based on supply and demand.
Embargoes
Japan
India
Market Economy
Traditional Economy
Tariffs
Quotas
Command Economy
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