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

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

• Tariff

• Embargo

• Quota

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

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

In 2010, Mexico imposed a limit of 250,000 tons of sugar that could be imported into Mexico.

• Tariff
• Quota
• Embargo

In 2010, China announced that it would impose and import a tax on American poultry of up 105.4 percent.

• Tariff
• Embargo
• Quota

In 1962, the United States prohibited all imports and exports to and from Cuba.

• Tariff
• Embargo
• Quota

A barrier is meant to 

• encourage the flow of trade
• block or slow down trade
• make people obey the government