Trade Barriers Answers

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Which of these is a positive incentive for domestic producers?
a subsidy on domestic oranges
Who ultimately pays for tariffs, consumers or producers?
consumers
On which country has the United States imposed an embargo since 1960?
Cuba
Which best describe why countries establish limits on trade? Check all that apply.
to restrict foreign influence in a sector
to restrict importation of a foreign good
What is the government’s aim in setting quotas?
to increase sales of domestic goods
What do quotas and embargoes have in common?
They both set limits on imported goods.
How are subsidies similar to tariffs?
Both aim to disadvantage imports.
How do quotas help domestic producers?
Quotas facilitate the sale of more domestic goods.
Which best describes how standards help domestic producers?
Standards require goods to meet basic requirements.
Customs duty on cars produced overseas is a type of
negative incentive and tariff.
Tariffs and subsidies are both types of
incentives
Which group directly benefits from subsidies?
producers
Which type of trade barrier is explicitly used for political purposes?
embargos
What term describes a ban or restriction on trade with another country?
embargo
Which type of incentive makes it more profitable to follow a certain course of action?
positive
How do embargoes most negatively affect a domestic market?
by depriving domestic producers of needed goods, restricting their ability to trade
What purpose do financial incentives serve?
They act as trade barriers.
Which best describe why countries establish limits on trade? Check all that apply.
🚫✔️◻️✔️◻️✔️
limit amount imported
punish other countries by withhold trade
limit influence of foreign sector
Which best describes the standards required of foreign producers?
Foreign producers must meet the same standards as domestic producers.
How do quotas help domestic producers?
Quotas facilitate the sale of more domestic goods.
Which of these is a positive incentive for domestic producers?
a tariff on cars
a subsidy on domestic oranges
What is the purpose of quotas?
to limit how much of a good can be imported
What is the government’s aim in setting quotas?
to increase sales of domestic goods
Which group directly benefits from subsidies?
producers
Tariffs and subsidies are both types of
incentives.
On which country has the United States imposed an embargo since 1960?
Cuba
What purpose do financial incentives serve?
They act as trade barriers.
How do embargoes most negatively affect a domestic market?
by depriving domestic producers of needed goods, restricting their ability to trade
Customs duty on cars produced overseas is a type of
positive incentive and subsidy.
negative incentive and tariff.
How are subsidies similar to tariffs?
Both aim to disadvantage imports.
Which best describes how standards help domestic producers?
Standards require goods to meet basic requirements.
Who ultimately pays for tariffs, consumers or producers? [_______________________]
consumers
Which best describes what a subsidy does?
It keeps the price of domestic goods relatively low.
Which type of incentive makes it more profitable to follow a certain course of action? [______________________]
positive
What term describes a ban or restriction on trade with another country? [_______________________]
embargo
Which type of trade barrier is explicitly used for political purposes?
embargoes

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