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  • The Definitions of Tariff, Import Quota, Trade Embargo, and European Union &voluntary Trade

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    The document defines tariffs as duties imposed on goods imported across political boundaries, import quotas as limits on the quantity of goods that can be imported into a country, and trade embargoes as prohibitions of commerce with a country to isolate its government. It also describes the European Union as an international organization formed after World War II to reduce trade barriers and increase cooperation between European countries.

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    Elijah and Laquan

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    The document defines tariffs as duties imposed on goods imported across political boundaries, import quotas as limits on the quantity of goods that can be imported into a country, and trade embargoes as prohibitions of commerce with a country to isolate its government. It also describes the European Union as an international organization formed after World War II to reduce trade barriers and increase cooperation between European countries.

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    Attribution Non-Commercial (BY-NC)
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    37 views5 pages

    The Definitions of Tariff, Import Quota, Trade Embargo, and European Union &voluntary Trade

    Uploaded by

    hbk122
    The document defines tariffs as duties imposed on goods imported across political boundaries, import quotas as limits on the quantity of goods that can be imported into a country, and trade embargoes as prohibitions of commerce with a country to isolate its government. It also describes the European Union as an international organization formed after World War II to reduce trade barriers and increase cooperation between European countries.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as PPTX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    Download as pptx, pdf, or txt
    of 5

    The definitions of

    Tariff, Import quota,


    Trade embargo, and
    European union
    &Voluntary trade

    By LAQUAN.R and ELIJAH.S


    TARIFF

    —is a duty imposed on goods


    when they are moved across a
    political boundary.
    —In other words it is when one
    country will make a good that
    come from another country more
    Import quota

    —Trade that sets a physical


    limit on the quantity of a good
    that can be imported into a
    country in a given period of time
    Trade 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
    European union

    •An international
    organization of European
    countries formed after
    World War II to reduce
    trade barriers and
    increase cooperation

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