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Define tariff
Define quota
Define embargo

User Zoralla
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2 Answers

2 votes

Answer:

Tariff:

A tariff is a levy placed on goods imports and exports by the government of a country or a supranational union. Import tariffs can be a kind of foreign trade regulation and policy that charges imported items to stimulate or safeguard home industry, in addition to being a source of income for the government.

Quota:

A quota is a government-imposed trade restriction that restricts the number or monetary worth of products a nation can import or export in a certain period. In international commerce, governments employ quotas to help manage the volume of trade between them and other countries.

Embargo:

An order of a government prohibiting the departure of commercial ships from its ports.

User M M
by
5.5k points
3 votes

Answer:

Tariff:

A tariff is a levy placed on goods imports and exports by the government of a country or a supranational union. Import tariffs can be a kind of foreign trade regulation and policy that charges imported items to stimulate or safeguard home industry, in addition to being a source of income for the government.

Quota:

A quota is a government-imposed trade restriction that restricts the number or monetary worth of products a nation can import or export in a certain period. In international commerce, governments employ quotas to help manage the volume of trade between them and other countries.

Embargo:

An order of a government prohibiting the departure of commercial ships from its ports.

User Henley N
by
5.6k points