South Africa, Kenya, Nigeria Trade Barriers

A limit on imported goods is  _____________________ 

• a tariff

• a quota

• an embargo

• a lemonade stand

Tax on imported goods is ___________

• a tariff

• a quota

• an embargo

• the reason we can't have nice things

When we completely stop trading with another country, it's called ____________________

• a tariff

• a quota

• an embargo

• a hissy fit

Why would a country impose a tariff or quota on imported goods?

• to raise the price of imported goods and encourage people to buy local

• to raise the price of imported goods to help other countries make more money

• to be mean

• to help the country of the imported goods make a larger profit

What is a common trade barrier that South Africa, Kenya, and Nigeria might use to protect local industries?

• Tariff

• Subsidy

• Free trade agreement

• Open market

Which of the following is a non-tariff barrier that could affect trade between South Africa and Nigeria?

• Import quota

• Export subsidy

• Currency devaluation

• Trade surplus

Why might Kenya impose a tariff on imported agricultural products?

• To protect local farmers

• To increase exports

• To reduce inflation

• To attract foreign investment

What is the primary purpose of trade barriers like quotas and tariffs?

• To protect domestic industries

• To encourage imports

• To promote foreign investment

• To reduce government revenue

Which organization might South Africa, Kenya, and Nigeria work with to reduce trade barriers?

• World Trade Organization

• United Nations

• International Monetary Fund

• World Health Organization

How can trade barriers negatively impact consumers in Nigeria?

• Higher prices for goods

• Increased product variety

• Lower quality of local products

• More foreign investment