Trade Barriers Answers

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Often duties and taxes are imposed on cars that are imported from other countries. What types of incentives are these duties and taxes?

positive incentive and subsidy.

negative incentive and subsidy.

positive incentive and tariff.

negative incentive and tariff.

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imported

domestic

Which best describes how standards help domestic producers?

Standards require goods to meet basic requirements.

Standards provide financial support for producers.

Standards restrict the import of cheap goods.

Standards offer incentives to ensure high quality.

How do quotas help domestic producers?

Quotas facilitate increased exports of domestic goods.

Quotas lower the cost of domestic goods.

Quotas limit the number of producers that compete in a sector.

Quotas facilitate the sale of more domestic goods.

Which type of trade barrier is explicitly used for political purposes?

standards

embargoes

quotas

tariffs

Tariffs and subsidies are both examples of

monetary restrictions for the domestic producer.

economic benefits for the consumer.

economic benefits for the international producer.

incentives—one positive and one negative.

What is the government’s aim in setting quotas?

to create more competition in the market

to increase sales of domestic goods

to keep tariffs high

to limit export of domestic goods

What is the purpose of quotas?

to ban all imports from a country

to ensure specific goods are not available to consumers

to limit how much of a good can be imported

to keep prices on domestic goods low

Which group directly benefits from subsidies?

exporters

sellers

producers

importers

Why do countries provide financial incentives?

Financial incentives act as trade barriers.

Financial incentives limit imports.

Financial incentives set standards.

Financial incentives restrict all trade.

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