Multiple Choice
Which type of trade barrier completely prohibits imports once a certain limit has been reached?
9. International Trade
Exporting and Importing
Multiple Choice
Which term describes a ban or restriction on trade with another country?
A
Embargo
B
Quota
C
Subsidy
D
Tariff
Verified step by step guidance1
Understand the key terms related to international trade restrictions: an embargo, quota, subsidy, and tariff.
Define an embargo as a government-imposed ban or restriction on trade with a specific country, often for political or economic reasons.
Recognize that a quota limits the quantity of a good that can be imported or exported but does not completely ban trade.
Know that a subsidy is a financial aid provided by the government to support domestic producers, not a trade restriction.
Identify that a tariff is a tax imposed on imported goods, increasing their price but not banning trade entirely.
Related Videos
Related Practice
