Embargo's, Tariff's, and Quota's

Embargo's, Tariff's, and Quota's

For Review

Essential Question: What are quotas, tariffs, and embargos?

Tariff Example

Let's say that Brazil is increasing imports and exports in Venezuela. If you hear the word tax or import and export when you are trying to know which one of these three, you know it would be Tariff.

Multiple Choice

Which of the following scenarios is talking about tariffs?

• A. Venezuela asking Cuba for limited resources

• B. Asking China to trade

• C. Cuba not allowing any trade

• D. Mexico increasing tax on other countries

Quota's

• An easier way to explain this is that the United States wanting a limited amount of resources.

• Most quota's are for obviously trade for resources.

Fill in the Blank

Quotas are used for mostly

Embargos

Most embargos are used when countries don't accept the trade from other countries which makes it harder for them to have resources for their country

Multiple Select

Which country has an embargo on the United States?

• Mexico

• Cuba

• Brazil

The End

I hope you enjoyed it, just kidding, you have a quiz to prove that you are a master at knowing embargos, tariffs, and quotas.

Multiple Choice

Which country has an embargo on us (in Latin America)?

• Cuba

• Brazil

• Mexico

Multiple Choice

If the United States asks for Mexico to give them oil (Fun Fact- Mexico's natural resource is oil) and they ask for a limited amount. Which one of the three is it?

• Embargo

• Quota

• Tariff

Fill in the Blank

Brazil pays imports and exports and gives them a higher amount to pay which is a

Great Job on Finishing

If you got 3/3 you are mastering this subject! If you got 2/3 you need a bit more development. If you got 1/3 you need more help. If you got 0/3 please stop guessing or maybe keep practicing this subject. Thank you and see you! Wanna see how much more you know? Go to this link: https://kahoot.it/challenge/02876948?challenge-id=8d68ab27-e98f-4bca-a55c-4550954a87ce_1617735922782