Trade Barriers DOL 3.4.24

A tariff-

• is a tax put on goods imported from other countries

• is a restriction on the amount of a good that can be imported into country

• forbids trade with another country

• is a tax put on a good from a certain state

Embargos-

• • are restrictions on the amount of a good that can be imported into country.

• are what Eskimos live in.

• are a tax put on goods imported from other countries.

• forbid trade with another country.

Quotas-

• • are restrictions on the amount of a good that can be imported into country.

• are what Eskimos live in.

• are a tax put on goods imported from other countries.

• forbid trade with another country.

Choose the statement about trade barriers that is incorrect.

• keep products from being bought and sold between countries.

• include 3 major types: tariffs, quotas, embargos

• are designed to prevent imports from entering a country

• increase global trade

Which is an example of a physical trade barrier?

• Tariff

• Embargo

• Mountain Range

• Quota