Question

when countries trade without restrictions, this is called free trade. to try to balance the costs and benefits of international trade, some governments implement protectionist measures, or barriers that limit free trade. read the descriptions of some of the most common ones below. then follow the directions.
revenue tariff: a tax on imported goods designed to generate income for a government
quota: a limit on the number of a certain good that can be imported from a specific country
embargo: a ban on trade with a certain country
subsidy: financial assistance a country gives to local producers of goods and services
health and safety regulation: a ban on the import of a good that is unsafe or contains hazardous material
use the information above to complete the text.
governments will adopt a variety of barriers to trade, or protectionist measures, in order to reduce the potential costs of international trade. for example, governments may offer health and safety regulations, or payments to local producers to ensure they arent forced out of business by cheaper foreign goods.
embargoes can also protect local producers from competition by trade with another country. a country might also choose this approach to express disapproval of that countrys actions.
other types of barriers to trade have the primary purpose of protecting consumers. policies such as try to ensure that products from abroad do not pose risks to consumers.

Explanation:

1. The first blank is "protectionist measures" as it is directly stated in the text.
2. The second blank is "costs" as it is mentioned in the context of balancing costs and benefits.
3. The third blank should be "subsidies" because subsidies are payments to local producers.
4. The fourth blank is "banning" as embargoes are a ban on trade.
5. The fifth blank is "health and safety regulations" as they protect consumers from unsafe goods.

Answer:

1. protectionist measures
2. costs
3. subsidies
4. banning
5. health and safety regulations