A country's government wants to support its steel industry. It knows that domestic steel producers have struggled to compete with cheaper steel imported from other countries. The government decides to use tax money to help domestic steel companies reduce their production costs and lower their prices. This is an example of which barrier to trade?A.QuotasB.TariffsC.SubsidiesD.Embargoes

A country wants to help its corn farmers compete with foreign competitors. It starts a program that gives government money to every corn farmer in the country. The extra money lets the farmers charge less for their corn at the market, making it less expensive than imported corn.This is an example of which type of trade barrier?A.SubsidiesB.EmbargoesC.TariffsD.Quotas

Which type of trade barrier taxes imports in an effort to make them more expensive than domestic products?A.EmbargoB.QuotaC.StandardD.TariffSUBMITarrow_backPREVIOUS

A lower tariff on imported steel would most likely benefitA) foreign producers at the expense of domestic consumers.B) domestic manufacturers of steel.C) domestic consumers of steel.D) workers in the steel industry.E) foreign consumers of steel.

Complete the following statement: A trade barrier can be used to prevent dumping. For example, a    will increase the price of imported goods so that foreign firms won’t be able to    domestic firms by charging a lower price.Submit

Complete the following statement: Trade barriers can be used to protect domestic jobs. A restriction on imports will increase demand for    goods. This will increase the derived demand for    and increase employment.