Question

Match the term with the correct definition:

1. Trade barrier
2. Tariff
3. Quota
4. Embargo




a. A limit on the amount of a foreign good that can be imported
b. A complete cessation (stop) on all trade between two countries
c. A tax placed on goods coming into a country
d. A limit or stop on trade to either punish another country or to protect an industry within your own country

Answer 1

1. d

2.c

3. a

4. b