1. Trade Barriers
By : Christie Nance

2. Standard
Compare and contrast different types of trade barriers such as tariffs , quotas,and embargoes.

3. Essential Questions
How do trade barriers (tariffs , quotas , and embargoes) hinder voluntary trade from occurring between countries ?
How does the EU encourage voluntary trade among its members ?

4. What are trade barriers ?
A term that describes any government policy that restricts world trade .

5. What is a tariff ?
A tax on imported goods.

6. What is a import quota ?
An import quota is a type of protectionist trade restriction that sets a physical limit on the quantity of a good that can be imported into a country in a given period of time.

7. What is a embargo ?
An embargo is the prohibition of commerce and trade with a certain country, in order to isolate it and to put its government into a difficult internal situation, given that the effects of the embargo are often able to make its economy suffer from the initiative.

8. They pervent the contries from trading.