1. The reason why high tariffs, quotas and subsidies are imposed by governments is because
1- The World trade organization permits it
2- lobbyist that represent the special groups that are negatively affected petition for these type of restriction
3- some countries just do not get along so they use these restriction to get back at them
4- they have proven to be very effective in stabilizing world trade.
2. A document that specifies the condition under which an exchange is to occur and details the rights and obligations of the parties involved is best known as a
1- contact
2- business letter
3- memorandum
4- civil code