Trade Barriers

What is an embargo?

• A government order to stop trade.
• A limit placed on imports.
• A tax placed on imports.

What is a quota?

• A government order to stop trade.
• A limit placed on imports.
• A tax placed on imports.

When one country refuses to trade with another country because of political or infringements of human rights it is called:

• standard of care
• subsidy
  subsidy
• embargo
• revenue tariff

What is an import?

• Goods leaving your country
• Goods being brought into your country
• Goods that are important

What is a tariff?

• A government order to stop trade
• A limit placed on imports
• A tax placed on imports

A tariff....

• Encourages people to buy goods made from their country.
• Increases trade between other countries.
• Stops trade completely.
• Only placed to encourage democracy.

Which of the following trade barriers would not be effective if a leader only wants to limit trade?

• Tariff

• Embargo

• Quota

• None of the above

Japanese auto firms agree to limits set in Washington D.C., on the # of Japanese cars that may be sold in the U.S.

• Embargo
• Quota
• Tarriff
• Standard

In order to help Russian farmers sell more food, some people want to put a tax on the food imported from other countries. This is an example of a(n)

• quota
• tariff
• embargo
• voluntary exchange

When a country prohibits (does not allow) trade or commerce with another country.

• quota
• tariff
• embargo