South Africa, Kenya, Nigeria Trade Barriers

Trade Barriers are set up to protect...

• Domestic jobs from Foreign competition

• Foreign jobs from Domestic competition

Where does South Africa fall on our economic continuum?

South Africa's president wants to help protect Domestic jobs. He would..

• Adds tariffs against countries that produces the same goods as South Africa.

• Removes tariffs against countries that produces the same goods as South Africa.

To give its farmers an advantage, Nigeria has placed a high tax on imported rice. This is an example of which trade barrier.

• tariff

• quota

• embargo

• Null

Match each type of barrier to trade to its effect.

• Quota

• taxes certain classes of imported or exported goods

• Tariff

• blocks all trade with another country

• Embargo

• limits the volume of goods imported from a foreign country

Match the following

• Free trade agreement

• An agreement between two or more countries to reduce trade barriers

• Tariff

• A tax on imported goods

• Import quota

• A trade barrier that completely blocks trade with another country

• Embargo

• A limit on the quantity of a product that can be imported

A limit to the number of imports that may enter a country

• tariff

• embargo

• demand

• quota

The United Nations has forbidden the importing of weopons into Africa. This is an example of which trade barrier.

• Tariff

• Quota

• Embargo

• Rights

What is a common reason for South Africa to impose trade barriers?

• To protect domestic industries

• To increase foreign competition

• To reduce domestic employment

• To encourage foreign investment

Which of the following is a trade barrier that Kenya might use to protect its local farmers?

• Subsidy

• Tariff

• Free trade agreement

• Foreign aid