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Trade Barriers Every economy benefits from trade with foreign countries. Sometimes, governments will choose to impose trade barriers that limit or prevent foreign trade. Match the trade barriers listed below with their definitions on the chart. Governmental Trade Barriers tariff embargo Trade Barrier standard quota Definition Limiting the amount of products that can come into a country. Cutting off trade to a particular country for political reasons. A tax on imports. Safety, health, or technical requirements set up by the government. Acrostic Poem Create an acrostic poem for each barrier. Make sure it explains how it might be used, or how it can affect a country’s economy. See the example for command economy. Centrally controlled Often called communist Market forces are banned Most countries like this have low GDP Also known as socialism No freedom to choose your own business Doesn’t support entrepreneurs
