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Business Essentials | International Trade Barriers

Business Essentials | International Trade Barriers

Assessment

Presentation

Business

9th - 12th Grade

Practice Problem

Easy

Created by

Travisray Salyers

Used 2+ times

FREE Resource

12 Slides • 3 Questions

1

International Trade Barriers

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LEARNING TARGET:
Compare and contrast trade barriers (tariffs, quotas, and embargos) that may prevent voluntary trade between countries.

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International Trade Barriers

Government actions can create trade barriers, which are restrictions to free trade.

Three common trade barriers are:

  • Quotas

  • Tariffs

  • Embargoes

4

Multiple Choice

Which of the following is not a formal trade barrier?

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Quotas

2

Tariffs

3

Embargoes

4

Boycotting

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Quotas - a limit on trade

To regulate international trade, governments set a limit on the quantity of a product that may be imported or exported within a given period.

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Tariffs - a tax on trade

Another device that governments use to control international trade is the tariff. A tariff is a tax that a government places on certain imported products.

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Embargoes - a ban on trade

If a government wishes to do so, it can stop the export or import of a product completely.

8

Open Ended

What are three formal trade barriers?

9

Match

Match the following trade barriers

A tax on trade

A limit on trade

A ban on trade

Tariffs

Quotas

Embargoes

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Candy Trade Barriers Activity

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11

Rules

There will be three rounds of trade - each with different rules.

Follow the rules of each round, or you will be sent to another room with a different assignment.

Do NOT eat candy until I say it is OK (at the end of class).

Do NOT touch other people’s candy. Before you trade: both people must verbally agree.

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International Trade Barriers

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