Trade Barriers Flashcards
1
Q
a tax put on imported goods, from other countries, to make domestic goods competitive
A
Tariff
2
Q
a government imposed limit put on the amount of product that can be imported in a certain span of time
A
Trade quota
3
Q
a government imposed ban on a certain previously imported product of a ban on trade with a certain country altogether
A
Trade embargoes
4
Q
a government ban on foriegn investments that do NOT present a net benefit to a certain country
A
Foriegn investment restrictions
5
Q
This usually occurs in regards to environmental factors and health/safety, as different countries have different ideas as to how a product should be used/how it should perform
A
standards
6
Q
a natural outcome of floating exchange rates
A
Currency fluctuations
