Economics Lesson 4: Trade Barriers

What is unrestricted trade between nations called?

• Quota

• Trade Barrier

• Free Trade

• Trade Restriction

What is a tax on imported goods called?

• Quota

• Tariff

• Embargo

• Sanction

What is a limit on the quantity of imported goods called?

• Quota

• Tariff

• Embargo

• Sanction

What is a penalty put on another country called?

• Quota

• Tariff

• Embargo

• Sanction

What is a trade restriction that prevents a country from trading with another?

• Quota

• Tariff

• Embargo

• Sanction

What trade restriction? A country puts a 20% on fish from Japan?

• Quota

• Tariff

• Embargo

• Sanction

What trade restriction? A country only buys 500 containers of clothes from Vietnam?

• Quota

• Tariff

• Embargo

• Sanction

What trade restriction? A country will not buy paint from another country because there is lead in it.

• Quota

• Tariff

• Embargo

• Sanction

What trade restriction? A country will not trade at all with North Korea.

• Quota

• Tariff

• Embargo

• Sanction

True/False: Countries often restrict trade with other countries.

• True

• False