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 prohibiting approval 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:

• The first blank: As per the text, "protectionist measures" are barriers to trade.
• The second blank: The text mentions "balance the costs and benefits", so "costs" is correct.
• The third blank: "Subsidy" is financial assistance to local producers, which fits the description.
• The fourth blank: "Embargo" is a ban on trade, so "prohibiting" trade is right.
• The fifth blank: "Health and safety regulation" is about product safety for consumers.

Answer:

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