How do tariffs restrict trade-protect domestic industries

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Reference no: EM133843439

Lesson 2 Barriers to International Trade networks

Review Questions

Directions: Locate each main idea then answer the questions below. Refer to your textbook as you write

I. Restricting International Trade

Main Idea: Countries use many different methods to try to protect domestic industries by restricting trade.

1. How do tariffs restrict trade and protect domestic industries?

2. How do quotas restrict trade and protect domestic industry?

3. What are other methods countries use to restrict trade?

Il. Arguments for Protection

Main Idea: Countries that restrict trade offer many different arguments for restricting trade, some of which are more compelling than others.

1. How might trade hurt a country in a time of war?

2. How do trade barriers protect infant industries and local jobs?

Reference no: EM133843439

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