Trade Barriers and Economic Systems

Front

Goods and services a country produces and sells to other countries

Back

exports

Front

Goods and services brought in from other countries

Back

imports

Front

A tax on imports

Back

tariff

Front

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

Back

quota

Front

A government order stopping trade with another country

Back

embargo

Front

Rules used to try to limit trade with other countries

Back

trade barriers

Front

Which is an example of a quota?

Back

The U.S. limits the amount of foreign cars brought into our country.

Front

Choose an example of an embargo

Back

The U.S. government stops all trade with China.

Front

Actions in this type of economy relate to ritual, habit, and customs.

Back

Traditional

Front

Free enterprise and no government regulation on the economy

Back

Market Economy