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Tariffs vs. Quotas

60,805 views

Marginal Revolution University

Video Language:

  • English

Caption Language:

  • {{captionLanguage | language_name}} ({{captionLanguage}})

Accent:

  • English (US)

Speech Time:

90%
  • 12:50 / 14:13

Speech Rate:

  • 170 wpm - Fast

Category:

  • Education

Tags :

Intro:

Special thanks to The Free Dictionary for providing us with the information used in this web page

Video Vocabulary

imports
imports
noun other verb

imported commodity or service. Goods brought into countries from another. bring goods or services into country.

quantity

/ˈkwän(t)ədē/

quantity
noun

Amount or number of something.

demanded

/dəˈmand/

demanded
verb

ask authoritatively.

production

/prəˈdəkSH(ə)n/

production
noun

Process of producing or growing food naturally.

tariffs

/ˈterəf/

tariffs
noun other verb

tax or duty to be paid on particular class of imports or exports. Tax that a government collects on imported goods. fix price of something according to tariff.

equilibrium

/ˌēkwəˈlibrēəm/

equilibrium
noun

Calm, quiet, undisturbed emotional state.

between

/bəˈtwēn/

between
adverb preposition

in space separating things. Among two or more people who share something.

difference

/ˈdif(ə)rəns/

difference
noun verb

Not of the same kind; unlike other things. alter coat of arms.

supplied

/səˈplī/

supplied
verb

To give or sell goods to others for their use.

compare

/kəmˈper/

compare
verb

estimate similarity or dissimilarity between.

international

/ˌin(t)ərˈnaSH(ə)n(ə)l/

international
adjective noun

Of or relating to several countries. game between teams representing different countries.

briefly

/ˈbrēflē/

briefly
adverb

for short time.

domestically

/dəˈmestəklē/

adverb

With respect to your own country.

analyze

/ˈanlˌīz/

analyze
verb

To study carefully to find out the meaning of.

domestic

/dəˈmestik/

domestic
adjective noun

relating to home. person paid to do menial tasks in home.

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