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Trade Barriers

Trade Barriers. By: Lauryn, Kennedi, Anika, and Frances. Standard. SS7E6.b: Compare and contrast different types of trade barriers such as tariffs, quotas, and embargos. Essential Question. How do trade barriers hinder voluntary trade from occurring between countries?????????. Tarriffs.

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Trade Barriers

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  1. Trade Barriers By: Lauryn, Kennedi, Anika, and Frances

  2. Standard • SS7E6.b: Compare and contrast different types of trade barriers such as tariffs, quotas, and embargos.

  3. Essential Question • How do trade barriers hinder voluntary trade from occurring between countries?????????

  4. Tarriffs Tariffs are an official list or table showing the duties or customs imposed by a government on imports or exports. Tariffs = Controlled Prices Tariffs hinder voluntary trade from occurring because of the controlled prices. When there are controlled prices the price might be too high and people might not want to trade with the country or when the prices are too low your country might not make a profit off the trade.

  5. Quotas Quotas are a proportional part or share of a fixed total amount or quantity. Quotas = Controlled Supplies

  6. Embargos • Embargos are

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