SSEIN2a Trade barriers

A tax on imports

• tariff

• import tax

• supply

• embargo

A limit to the number of imports that may enter a country

• tariff

• embargo

• demand

• quota

A government order stopping trade with another country

• tariff

• embargo

• quota

Rules and regulations used to restrict imports with other countries.

• embargo

• tariff

• standards

• quotas

Which is an example of a quota?

• The U.S. stops trade with China.

• The U.S. limits the amount of foreign cars brought into our country.

• The U.S. pays a high tax on BMW cars brought into the country.

Which is an example of a trade barrier?

• Japan is allowed to send as many electronic products to the U.S. as they want.

• The U.S. freely trades with other countries with no restrictions.

• A high tax is placed on all diamonds received from Africa.

Choose an example of an embargo

• The U.S. government stops all trade with China.

• Canada and the U.S. have no restrictions on trade.

What is a tariff?

• Tax on imported goods

• To stop trading with a business or country

• A limit on imported goods

A standard is

• a cash grant or loan from the government to support the business.

• a tax on imports.

• an official ban on trade.

• a requirement that promotes safety on all products.

A subsidy is

• a cash grant or loan from the government to support the business.

• a law that promotes safety.

• a tax on imports.

• a specific number of imports allowed.