DIFFERENT TYPES OF TRADE BARRIERS

ESSENTIAL QUESTION

How do trade barriers (tariffs, quotas and embargoes) hinder voluntary trade from occurring between countries?

TARIFF a.)A government tax on imports, designed

either to raise revenue or to protect domestic industry from foreign competition.

b.)Tariff increases government funds. c.) A tariff is a tax placed on imported goods. The economic policy of trade governing

between other countries. Tariffs are use imposed on imported goods to

other countries.

TARIFF Tariffs are often used to protect infant

industries. Tariffs are subject to negotiation and treaties

among nations. A higher tariff allows a local company to

compete with foreign competition. When no tariff or other restrictions are placed

on imported goods, it is called free trade.

IMPORT QUOTA a.)Import quotas control the amount or

volume of various commodities that can be imported into a country in a given period of time.

b.)A number or percentage, especially of people, constituting or designated as an upper limit.

An import quota works by reducing the amount of foreign goods a country may import.

When international trade is introduced into the market, this counterpoise may change.

An import quota fixes the quantity of a particular good that foreign producers may bring into a country over a specific period.

IMPORT QUOTA Import Quotas is like other trade

restrictions. Evaluators say quotas often lead to

corruption. An import quota works by reducing the

amount of foreign goods a country may import.

TRADE EMBARGO a.)A trade embargo is a government order

prohibiting the movement of merchant ships into or out of its ports.

b.)A trade embargo is a political move by one country against another.

c.) A trade embargo is a strategy to make another country either do something or refrain from doing something.

Trade embargoes are sometimes called “economic sanctions”.

A trade embargo is more likely to achieve its ends if multiple countries end financial relationships with the country.

TRADE EMBARGO

Embargoes generally attempt to shear weaker adversaries to do what the abarcading country wishes.

The country imposing the trade embargo will keep lid on most or all people in their country from accomplishing business with the country against which the trade embargo is imposed.

Embargoes generally attempt to shear weaker adversaries to do what the abarcading country wishes.

Under most laws in most countries, there are special times when a trade embargo can be violated.

THE END

By: Joshua Hamm

BIBLIOGRAPHY http://www.wisegeek.com/what-is-a-t

rade-embargo.htm http://en.wikipedia.org/wiki/Import_q

uota

http://www.wisegeek.com/what-is-a-tariff.htm

http://en.wikipedia.org/wiki/Tariff