trade barriers

What is the purpose of using trade barriers such as tariffs, quotas, and embargos?

• 1. All 3 trade barriers make exports more expensive.

• 1. All 3 trade barriers encourage citizens to buy foreign products. 

• 1. All 3 trade barriers encourage citizens to buy domestic products.

• All 3 trade barriers make foreign goods cheaper and more affordable for consumers.

How would quotas help Canadian goods better compete with similar foreign goods in Canadian markets?

• 1. by increasing production levels for Canadian goods

• 1. by artificially lowering the prices of domestic goods

• 1. by limiting the availability of the foreign goods

• 1. by improving the quality of the Canadian goods

The Canadian natural gas industry has begun to struggle as Russian natural gas companies have entered the Canadian market. Canadian gas is widely available, but the low prices offered by Russian companies have caused consumers to purchase more natural gas from them. Canadian companies cannot compete with Russian companies. 

What is the BEST way for the Canadian government to protect the interests of Canadian producers and consumers?

• 1. placing a tariff on Russian gas imports

• 1. imposing sanctions on Russia

• the gas industry could hold the item for a few till it can get back on track

• imposing an embargo on Russia

• 1. creating a subsidy for Russian gas imports

The Canadian beef industry has begun to struggle due to a major increase in beef imports from Brazil. Canadian producers have lowered prices to make their products more attractive to consumers, but have been unable to produce enough to keep up with the volume of Brazilian imports.

• 1. creating a subsidy for Brazilian beef imports

• 1. imposing sanctions on Brazil

• 1. imposing an embargo on Brazil

• placing a quota on Brazilian beef imports

How are tariffs different from embargoes?

• 1. Tariffs block all trade with a foreign country, while embargoes are taxes on imported or exported goods.

• 1. Embargoes block all trade with a foreign country, while tariffs are taxes on imported or exported goods.

• Embargoes are taxes on imported or exported goods, while tariffs are limits on the number of goods that can be imported or exported.

• 1. Tariffs are taxes on imported or exported goods, while embargoes are limits on the number of goods that can be imported or exported.

Why would the Canadian government MOST LIKELY impose a tariff on certain imported goods?

• 1. to improve the quality of goods available in Canadian markets

• 1. to increase the choices available to Canadian consumers

• 1. to reduce prices of necessary goods for Canadian consumers

• to help domestic businesses better compete in Canadian markets

How are tariffs, quotas, and embargoes similar?

• 1. All increase levels of export activity.

• 1. All limit the free exchange of goods between countries.

• All encourage countries to specialize in particular goods.

• 1. All help improve standards of living.

What is often the purpose of tariffs?

• to protect domestic producers

• 2.  lower prices of domestic goods

• 1. to increase imports of foreign goods

• 1. to make foreign goods less expensive

How are tariffs different from quotas?

• 1. Tariffs are taxes on imported or exported goods, while quotas are limits on the number of goods that can be imported or exported.

• 1. Quotas block all trade with a foreign country, while tariffs are taxes on imported or exported goods.

• 1. Tariffs block all trade with a foreign country, while quotas are taxes on imported or exported goods.

• 1. Quotas are taxes on imported or exported goods, while tariffs are limits on the number of goods that can be imported or exported.