Economics Trade Barriers
Presentation
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Social Studies
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6th - 7th Grade
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Practice Problem
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Easy
Amelia Tillman
Used 166+ times
FREE Resource
9 Slides • 5 Questions
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Economic Trade Barriers
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Open Ended
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A tariff is a tax on goods or services being brought into a country.
Example: If I were to sell oranges in Canada, they may add a tariff on the oranges that I sell. So Canada they may add a $1 tax on each orange I sell there. This would make my oranges more expensive.
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Multiple Choice
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A quota is a fixed limit on the amount of goods and services a country can trade.
Example: Canada may limit the number of oranges I am allowed to sell there. They may do this to make sure that oranges sold buy Canadians will be bought too, not just mine.
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Open Ended
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An embargo is a ban on trade with a country.
Example: Canada could put an embargo on the United States which means I could no longer sell my oranges there.
Countries put embargoes on other countries if they don't like things they are doing or something that they believe.
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Multiple Choice
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A free trade zone is when there are no trade barriers like tariffs, quotas, or an embargo.
This doesn't mean you are getting things for free, it means that there are no limits or restrictions on trades being made.
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Poll
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