Trade Barriers

Question 1

How do quotas help domestic producers?

Revolt · Accepted Answer

Quotas facilitate the sale of more domestic goods.

Question 2

importeddomestic

Revolt · Accepted Answer

imported

Question 3

Why do countries provide financial incentives?

Revolt · Accepted Answer

Financial incentives act as trade barriers.

Question 4

Tariffs and subsidies are both examples of

Revolt · Accepted Answer

incentives—one positive and one negative.

Question 5

Which group directly benefits from subsidies?

Revolt · Accepted Answer

producers

Question 6

Which best describes why countries establish limits on international trade? Choose three answers.to force domestic industries to sell higher quality goodsto restrict foreign influence in a sectorto restrict importation of a foreign goodto lower the price of foreign goodsto punish other countries

Revolt · Accepted Answer

to restrict foreign influence in a sector; to restrict importation of a foreign good; to punish other countries

Question 7

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

Revolt · Accepted Answer

negative incentive and tariff.

Question 8

Which type of incentive makes it more profitable to follow a certain course of action?

Question 9

How are subsidies similar to tariffs?

Revolt · Accepted Answer

Both allow domestic goods to compete against foreign goods.

Question 10

Which of these is a positive incentive for domestic producers?

Revolt · Accepted Answer

a subsidy on domestic oranges

Trade Barriers Answers

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