Match each scenario with the economic concept it describes.
a.)dumping
b.)tariff
c.)quota

1.)to protect its plastic industry from
foreign competition, country a
raises taxes on plastic imports.
2.)country a decides that it will allow
only 500,000 tons of rice to be
imported per year so demand
for local produce doesn’t fall too much.
3.)because of subsidization and improving
technologies, country a is able to grow
large quantities of corn. it exports corn
to country b at prices below normal value.