Trade Barriers and European Union

If you wanted to keep a dangerous product out of your country, what type of economic trade barrier could you use?

• tariff
• quota
• embargo
• Tax

Another name for a tax placed on imported goods is what?

• Embargo
• Tariff
• Blockade
• Quota

Which of the following is an example of a physical trade barrier?

• Embargo

• mountain

• Blockade

• tariff

 A system that uses bartering or trading.

• Mixed
• Market
• Traditional
• command

If a country produces one product at a fast pace and can do what they do best and trade for the rest, this is called what?

• Specialization
• Currency Exchange
• Tariff

Why was the European Union formed? 

• to treat countries as one nation
• to unite Europe economically 
• to control how farmers and other primary workers get paid
• to give workers equal wages

What is a tariff?

• Tax on imported goods

• To stop trading with a business or country

• A limit on imported goods

An embargo is

• a tax on imports.

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

• an official ban on trade.

• a specific number of imports allowed.

A quota is

• an official ban on trade.

• a limit on or a specific number of imports allowed.

• a law that promotes safety.

• a tax on imports.

An export is

• items purchased from other countries.

• dependence on others to get products you do not produce and needing to purchase items from them.

• items sold to other countries. Goods exit the USA.

• producing certain goods very well and for a reduced cost.