Marketing I Mr. Gallucci Lesson 29 Obj: Categorize trade barriers in the US by researching trade barriers and documenting them as Tariffs, Quotas, or Embargoes, after a teacher-lead discussion on trade barriers.

Gov’t Involvement in Int’l Trade Balance of Trade – A nations difference in value between exports and imports –Positive Balance – “Trade Surplus,” when exports > imports –Negative Balance – “Trade Deficit,” when imports > exports Obj: Categorize trade barriers in the US by researching trade barriers and documenting them as Tariffs, Quotas, or Embargoes, after a teacher-lead discussion on trade barriers.

Gov’t Involvement in Int’l Trade Tariff’s (duty) – tax on imports –Revenue-producing Tariff’s – used as a primary source of income before taxes were established –Protective Tariff’s – Increase the price of imported goods so that domestic products can compete with them. Obj: Categorize trade barriers in the US by researching trade barriers and documenting them as Tariffs, Quotas, or Embargoes, after a teacher-lead discussion on trade barriers.

Gov’t Involvement in Int’l Trade Quotas – Limits either the quantity or monetary value of a product that may be imported Example – Automobiles Obj: Categorize trade barriers in the US by researching trade barriers and documenting them as Tariffs, Quotas, or Embargoes, after a teacher-lead discussion on trade barriers.

Gov’t Involvement in Int’l Trade Embargoes – A total ban on specific goods coming into and leaving the country –Can be used for political reasons (countries at war) –Food precautions Obj: Categorize trade barriers in the US by researching trade barriers and documenting them as Tariffs, Quotas, or Embargoes, after a teacher-lead discussion on trade barriers.

Activity Research 10 US Governmental Trade Barriers and categorize them as tariffs, quotas, or embargoes. You must have a minimum of 2 of each kind of barrier. Obj: Categorize trade barriers in the US by researching trade barriers and documenting them as Tariffs, Quotas, or Embargoes, after a teacher-lead discussion on trade barriers.