quotas
what is a qouta?
a government-imposed trade restriction that limits the number or monetary value of goods that a country can import or export during a particular period. (or any simplified version)
how do tariffs affect trade?
a. by increasing prices
b. by decreasing prices
c. answer not shown
d. no effect
a. by increasing prices
what does an embargo do?
ban trade for a country
what type of trade barrier is used the most
a. embargo
b. qouta
c. tarrif
c. tarrif
who establishes quotas
a. citizens
b. government
c. pets
b. government.
true or false: Tariffs may be levied either to raise revenue or to protect domestic industries
true
true or false
the embargo Thomas Jefferson imposed was successful in preventing wars.
true
what is a trade barrier
a policy that says a country can't trade with other countries
what is one effect of a qouta
a. higher prices paid by consumers
b. higher prices paid by the government
c. lower prices paid by consumers
d. lower prices paid by government
e. none of the above
a. higher prices paid by consumers
what is a tariff?
a tax on imports or exports of goods between countries. (or any simpified version)
true or false
embargoes can be set by citizen if a mogority agree with it
false
who usallly doesn't get the best results from qoutas
a. governmet
b. shop owners/company owners
c. everyone wins
d. citizens
d. citizens
Good job you found some free points!!!!!!
yay free points!!!
the embargo act provented
a. all American ships from trading and exporting goods
b. all British ships from trading and exporting goods
c. all nations from trading and exporting good
d. the embargo act never happened
a. all American ships from trading and exporting goods
true or false: qoutas often cause shortages
true. because a production quota is a supply restriction that is used to increase the price of a good or service above the equilibrium price by creating a shortage.
who pays for tariffs
a. governmet
b. citizens
c. pets
d. importers
d. importers
what is a negative result of embargos?
a. by giving other country's money
b. by threatening jobs and livelihoods
c. all of the above
d. none of the above
b. by threatening jobs and livelihoods (domestic industries and producers often suffer a decline in their export markets and revenues, thereby threatening jobs and livelihoods.)