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| comparative cost principle | принцип сравнительных издержек |
| economies of scale | экономия за счет масштаба |
| to impose tariffs and quotas | вводить тарифы и квоты |
| substitutes | товары-заменители |
| to retaliate against | принимать ответственные меры против кого-либо |
| to impose restrictions | вводить ограничения |
| infant industries | неокрепшая отрасль промышленности |
| most favoured nation | государство, пользующееся режимом наибольшего благоприятствования |
B. Read the text and answer the following questions.
1) Why do most economies oppose protectionism?
2) Why do most governments impose import tariffs and/or quotas?
3) Why were many developing countries for a long time opposed to GATT?
4) Why have many developing countries recently reduced protectionism and increased their international trade?
