Different Types Of Trade Barriers 462o3e

Different types of trade barriers

Essential Question 

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

Tariff q a.)A government tax on imports, designed either to raise revenue or to protect domestic industry from foreign competition. q b.)Tariff increases government funds. q c.) A tariff is a tax placed on imported goods. q The economic policy of trade governing between other countries. q Tariffs are use imposed on imported goods to other countries.

Tariff q Tariffs are often used to protect infant industries. q Tariffs are subject to negotiation and treaties among nations. q A higher tariff allows a local company to compete with foreign competition. q When no tariff or other restrictions are placed on imported goods, it is called free trade. 

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Import Quota q a.)Import quotas control the amount or volume of various commodities that can be imported into a country in a given period of time. q b.)A number or percentage, especially of people, constituting or designated as an upper limit. q An import quota works by reducing the amount of foreign goods a country may import. q When international trade is introduced into the market, this counterpoise may change. q An import quota fixes the quantity of a

Import Quota qImport Quotas is like other trade restrictions. qEvaluators say quotas often lead to corruption. qAn import quota works by reducing the amount of foreign goods a country may import. 

Trade Embargo q a.)A trade embargo is a government order prohibiting the movement of merchant ships into or out of its ports. q b.)A trade embargo is a political move by one country against another. q c.) A trade embargo is a strategy to make another country either do something or refrain from doing something. q Trade embargoes are sometimes called “economic sanctions”. q A trade embargo is more likely to achieve its ends if multiple countries end financial relationships with the country.

Trade Embargo q Embargoes generally attempt to shear weaker adversaries to do what the abarcading country wishes. q 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. q Embargoes generally attempt to shear weaker adversaries to do what the abarcading country wishes. q Under most laws in most countries, there are special times when a trade embargo can be violated.

The End By : Joshua Hamm

Bibliography

ühttp://www.wisegeek.com/what-is-a-trade ühttp://en.wikipedia.org/wiki/Import_quota 

ühttp://www.wisegeek.com/what-is-a-tariff. ühttp://en.wikipedia.org/wiki/Tariff 