Trade Barriers

  • June 2020
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  • Words: 118
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Trade Barriers

By : Christie Nance

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 ?

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