QUIZ
Specialization & Trade Barriers Vocabulary
a year ago by
7 questions
Q.

A tax on imports

answer choices

tariff

import tax

supply

embargo

Q.

A limit to the number of imports that may enter a country

answer choices

tariff

embargo

demand

quota

Q.

A government order stopping trade with another country

answer choices

tariff

embargo

quota

Q.

Which is an example of a quota?

answer choices

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.

Q. In 1962, the United States prohibited all imports and exports to and from Cuba.
answer choices
Tariff
Embargo
Quota
Q.

Government payments to exporters. This payment helps reduce an exporter’s cost of production.

answer choices

Subsidies

Quotas

Tariffs

Standards

Q.

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.

answer choices

Standards

Quotas

Tariffs

Subsidies

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