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    Lesson 12a

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    Noor ul eman
    The document discusses different forms of trade barriers and protectionism. It provides examples of tariffs, trade quotas, and trade embargoes as forms of protectionism, but identifies time zones as not being a form of protectionism. It also notes that in a trade quota, extra income collected goes to the government, and that in a tariff the foreign company pays the tariff, not the government.

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    Lesson 12a

    Uploaded by

    Noor ul eman
    12 views1 page
    The document discusses different forms of trade barriers and protectionism. It provides examples of tariffs, trade quotas, and trade embargoes as forms of protectionism, but identifies time zones as not being a form of protectionism. It also notes that in a trade quota, extra income collected goes to the government, and that in a tariff the foreign company pays the tariff, not the government.

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    The document discusses different forms of trade barriers and protectionism. It provides examples of tariffs, trade quotas, and trade embargoes as forms of protectionism, but identifies time zones as not being a form of protectionism. It also notes that in a trade quota, extra income collected goes to the government, and that in a tariff the foreign company pays the tariff, not the government.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    Download as docx, pdf, or txt
    12 views1 page

    Lesson 12a

    Uploaded by

    Noor ul eman
    The document discusses different forms of trade barriers and protectionism. It provides examples of tariffs, trade quotas, and trade embargoes as forms of protectionism, but identifies time zones as not being a form of protectionism. It also notes that in a trade quota, extra income collected goes to the government, and that in a tariff the foreign company pays the tariff, not the government.

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    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
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    Lesson 12

    Trade barrier

    1-Which of the following is NOT a form of protectionism?

    a) TariffsB-

    b) Trade quotas

    c) Time zones
    d) Trade embargoes

    Answer: c) Time zones

    2-In a trade quota, the extra income collected goes to the government.

    A-True

    B-False

    Answer:

    3-In a tariff, the foreign company that produced the product pays the tariff.
    A-True

    B-False

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