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A tax on imports
tariff
import tax
supply
embargo
A limit to the number of imports that may enter a country
demand
quota
A government order stopping trade with another country
Which is an example of a quota?
The U.S. stops trade with China.
The U.S. limits the amount of foreign cars brought into our country.
The U.S. pays a high tax on BMW cars brought into the country.
Government payments to exporters. This payment helps reduce an exporter’s cost of production.
Subsidies
Quotas
Tariffs
Standards
Safety, environmental health, or other technical requirements set by a government. Imports must meet these requirements before they are allowed to come into the country.
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