Question

match the following terms with thier definitions 5 points a regulation that ensures products meet safety or quality requirements a tax on imported goods a payment by the government to support domestic industries a total ban on trade with a specific country a limit on the amount of a product that can be imported tariff quota embargo subsidy standard

Explanation:

• Tariff: A tax on imported goods. This is a common trade - related tax imposed by a country on goods coming from abroad.
• Quota: A limit on the amount of a product that can be imported. It restricts the quantity of foreign goods entering a domestic market.
• Embargo: A total ban on trade with a specific country. It is a more extreme form of trade restriction.
• Subsidy: A payment by the government to support domestic industries. This helps domestic producers by providing financial assistance.
• Standard: A regulation that ensures products meet safety or quality requirements. It is about setting criteria for products.

Answer:

Tariff: A tax on imported goods.
Quota: A limit on the amount of a product that can be imported.
Embargo: A total ban on trade with a specific country.
Subsidy: A payment by the government to support domestic industries.
Standard: A regulation that ensures products meet safety or quality requirements.