Trade Barriers
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Trade Barriers
By : Christie Nance http://www.youtube.com/watch?v=pEbxh0893VM
Standard
Compare and contrast different types of trade barriers such as tariffs,quotas,and embargoes.
Essential Questions
1)How do trade barriers (tariffs,quotas,and embargoes) hinder voluntary trade from occurring between countries ? 2)How does the EU encourage voluntary trade among its members ?
What is a trade barrier ?
A term that describes any government policy or regulation that restricts international trade.
What is a tariff ?
A tax put on imported goods .
What is a import quota ?
A type of protectionist trade restriction that sets a strict limit on the quantity of a good that can be imported into a country at a given time .
What is a trade embargo ?
The prohibition of commerce and trade with a certain country , in order to isolate it and put its government into a difficult internal situation ,given that the effects of the embargo are often able to make its economy suffer.
They prevent the countries from trading . The laws and restrictions keep them from trading .They also make it expensive and harder .
The countries inside of the EU have free trade , but they put restrictions on the other countries .They try to persuade other countries to get free trade by doing this .
The End !!!
Thnks 4 Watchn !!
By : Christie Nance http://www.youtube.com/watch?v=pEbxh0893VM
Standard
Compare and contrast different types of trade barriers such as tariffs,quotas,and embargoes.
Essential Questions
1)How do trade barriers (tariffs,quotas,and embargoes) hinder voluntary trade from occurring between countries ? 2)How does the EU encourage voluntary trade among its members ?
What is a trade barrier ?
A term that describes any government policy or regulation that restricts international trade.
What is a tariff ?
A tax put on imported goods .
What is a import quota ?
A type of protectionist trade restriction that sets a strict limit on the quantity of a good that can be imported into a country at a given time .
What is a trade embargo ?
The prohibition of commerce and trade with a certain country , in order to isolate it and put its government into a difficult internal situation ,given that the effects of the embargo are often able to make its economy suffer.
They prevent the countries from trading . The laws and restrictions keep them from trading .They also make it expensive and harder .
The countries inside of the EU have free trade , but they put restrictions on the other countries .They try to persuade other countries to get free trade by doing this .
The End !!!
Thnks 4 Watchn !!
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