Trade Barriers SS6E8

Why do countries choose to specialize?

• Some countries do not like to trade with others.

• No country can produce everything its people need and want.

• No country wants to lower its production costs.

• Some countries want their products to be more expensive for their citizens.

If the United Kingdom wanted to punish another country economically by refusing to trade with them, which trade barrier should be enforced?

• tariff

• subsidy

• embargo

• quota

  If Russia wanted to prevent too much of a good from entering its country to protect domestic businesses, which trade barrier should be enforced?

• tariff

• sanction

• embargo

• quota

If Germany wanted to make imported goods more expensive to protect domestic businesses, which trade barrier should be enforced?

• tariff

• sanction

• embargo

• quota

  Which trade barrier is the harshest?

The European Union forbids importing meat products from animals treated with growth-promoting hormones.

The USA refuses to import shrimp from Southeast Asian countries because its shrimpers do not use nets that protect sea turtles.

The US president increased the number of imported peanuts allowed into the country by 100 million pounds annually.

In 2018, Australia increased the price of imported Chinese-manufactured paper clips to encourage consumers to buy Australian-made paper clips.