Trade Barriers

A tariff....

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

What is a tariff?

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

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.

Pakistani auto firms agree to limits set on the number of Japanese cars that may be sold in the Pakistan.

• Embargo
• Quota
• Tarriff
• Standard

A quota is a limit on an imported good. Which is an example of a quota helping local farmers?

• Taxing corn from another country.

• Allowing less corn to be bought from other countries' farms.

• To stop buying corn from another country

Pakistan's government gives a grant to manufacturers who produce and export automotive leather.

• embargo

• tariff

• subsidy

• quota

Pakistan imposes a limit on Avocado imports from Mexico.

• tariff

• quota

• embargo

Pakistan's Government added a new tax on all coffee imported from Colombia.

• tariff

• quota

• embargo

One benefit of _______ is that it drives up the prices of foreign goods and makes local goods more affordable.

• tariff

• quota

• embargo