Trade Barriers Canada Flashcard

Trade Barriers Canada Flashcard

Assessment

Flashcard

Geography

6th Grade

Practice Problem

Hard

Created by

Wayground Content

FREE Resource

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11 questions

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1.

FLASHCARD QUESTION

Front

What are tariffs on imported goods?

Back

Taxes or duties imposed on goods entering a country from another country

2.

FLASHCARD QUESTION

Front

Why do countries impose tariffs on imported goods?

Back

To protect domestic industries, raise revenue, and reduce trade deficits.

3.

FLASHCARD QUESTION

Front

How do tariffs affect the price of imported goods?

Back

Tariffs increase the price of imported goods.

4.

FLASHCARD QUESTION

Front

What are the advantages and disadvantages of tariffs on imported goods?

Back

Advantages include protecting domestic industries and generating revenue for the government, while disadvantages include higher prices for consumers and potential trade wars.

5.

FLASHCARD QUESTION

Front

What are quotas on agricultural products?

Back

Limits on the quantity of specific agricultural products that can be imported or exported

6.

FLASHCARD QUESTION

Front

How do quotas impact the supply and demand of agricultural products?

Back

Quotas restrict the amount of agricultural products that can be imported, leading to a decrease in supply and an increase in demand for domestic products.

7.

FLASHCARD QUESTION

Front

What are embargoes on specific countries?

Back

Restrictions or limitations imposed on trade with certain countries

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