Europe Trade

Randy and Chris are best friends. Randy lied on Chris and got him in trouble. Now Chris will not text Randy anymore. What trade barrier is this an example of?

• Quota

• Tariff

• Embargo

Publix would only let you get 3 bags of chips for $5.00 with their coupon. What trade barrier is this an example of?

• Quota

• Tariff

• Embargo

Pam decided to spend her $1.00 allowance. She went to the store and was happy to see that her favorite candy bar was only $.98. When she got to the counter to pay for it, the cashier said the total was $1.07. Although Pam was heartbroken, she learned a valuable lesson. What trade barrier is this an example of?

• Quota

• Tariff

• Embargo

Match the following trade barriers:

• putting a LIMIT, AMOUNT on a good

• quota

• BANNING or STOPPING trade

• embargoes

• adding a TAX to a good

• tarriff

Give me an example of a physical trade barrier

Select ALL goods listed below

• Ms. Bervine

• house

• mechanic

• chick fil a

• car

trade in which both partners freely agree to and benefit from the exchange of goods/services

• Voluntary Trade

• Quota

• Trade Barrier

____________________ is something that is assigned

value and can be used to purchase goods

and services in a market.

• Tariff

• Quota

• Currency

• Embargo

In an _____________, a nation forbids trade

with another country to hurt that country economically.

• Tariff

• Embargo

• Quota

• Natural barrier

_______________ limits the amount of goods available,

which causes prices to rise and helps protect a country from foreign competition.

• Tariffs

• Quotas

• Trade embargoes

• Trade barriers