ScienceEconomicsTrade Barriers example #74520
Please enter something

Trade Barriers

Uria Lee avatar Uria Lee
25 July 2022
4.7 (114 reviews)
10 test answers

Unlock all answers in this set

Unlock answers (6)
question
Which group directly benefits from subsidies?
answer
producers
question
Which best describes the standards required of foreign producers?
answer
Foreign producers must meet the same standards as domestic producers.
question
What is the purpose of quotas?
answer
to limit how much of a good can be imported
question
What do quotas and embargoes have in common?
answer
They both set limits on imported goods.
question
What term describes a ban or restriction on trade with another country?
answer
embargo
question
How do quotas help domestic producers?
answer
Quotas facilitate the sale of more domestic goods.
question
Which best describes what a subsidy does?
answer
It keeps the price of domestic goods relatively low.
question
Which best describes how standards help domestic producers?
answer
Standards require goods to meet basic requirements.
question
Tariffs and subsidies are both types of
answer
incentives
question
Often duties and taxes are imposed on cars that are imported from other countries. What types of incentives are these duties and taxes?
answer
negative incentive and tariff.