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Trade Barriers

Total questions: 12

Worksheet time: 4mins

Name
Class
Date
1.

Company XYZ produces cheese in Scotland and exports the cheese, which costs $100 per pound, to the United States. A 20% tax would require Company XYZ to pay the United States government $20 to export the cheese. This is a(n)...

a)

Tariff

b)

Quota

c)

Embargo

2.

In 2010, Mexico imposed a limit of 250,000 tons of sugar that could be imported into Mexico. This is a(n)...

a)

Tariff

b)

Quota

c)

Embargo

3.

In 1962, the United States prohibited all imports and exports to and from Cuba. This is a(n)...

a)

Tariff

b)

Quota

c)

Embargo

4.

In 2006, the United Nations Security Council unanimously

adopted a resolution to restrict the export to and the import from Iran on certain items and technology potentially related to nuclear weapons. This is a(n)...

a)

Tariff

b)

Quota

c)

Embargo

5.

In 2010, China announced that it would impose and import a tax on American poultry of up 105.4 percent. This is a(n)...

a)

Tariff

b)

Quota

c)

Embargo

6.

In 2005, the United States limited the imports of Chinese textiles to 7.5% a year. Is this a(n)...

a)

Tariff

b)

Quota

c)

Embargo

7.

In 2012, the United States Commerce Department announced that it would impose a tax ranging from 2.9% to 4.7% on Chinese made solar panels. This is a(n)...

a)

Tariff

b)

Quota

c)

Embargo

8.

In June of 2013, the European Union described to lift restrictions of the trade of weapons to Syrian rebels. This is a(n)...

a)

Tariff

b)

Quota

c)

Embargo

9.

In 1990, the Japanese Government announced it would extend its voluntary limit on automobile exports to the United States. This is a(n)...

a)

Tariff

b)

Quota

c)

Embargo

10.

Argentina increased taxes to 9% on the import of milk powder after record levels of imports and fears Argentina farmers would suffer falling incomes. This is a(n)...

a)

Tariff

b)

Quota

c)

Embargo

11.

In 2011, the United States Department of Agriculture increased its annual sugar-import limit to 1.6 million tons for the year. This is a(n)...

a)

Tariff

b)

Quota

c)

Embargo

12.

In 2006, the United Nations passed a Resolution that prohibits states from directly or indirectly supplying North Korea with conventional weapons (battle tanks, artillery, aircraft, missiles, etc.) This is a(n)...

a)

Tariff

b)

Quota

c)

Embargo