Avajones Avajones

08-11-2018
Social Studies

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Compare and contrast different types of trade barriers,such as tariffs,quotas,and embargoes.You must use complete sentences when writing your response

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hornbillchazard hornbillchazard

19-11-2018

Tariff: A tax is fixed when the Government want people to buy items produced domestically. So, a tariff is established on goods imported.

Quotas: Restrictions applied on products quantity, so the price of the product imported will rise, and people will prefer domestic products.

Embargoes: When the Government prohibit trade with another country. Generally for political reasons.

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