Barriers to Trade
{"Image DocumentName": "Barriers to Trade", "Image ImageDescription": "Quota - A quota sets a maximum amount of a product for import. With less product available, quantity supplied decreases and price increases. Tariff - A tariff is a tax on imported goods. It is added onto the selling price when it enters the country and increases the price of import goods, thus decreasing the quantity demanded. In addition, it provides more tax revenue to the government. Regulation - A regulation is a safety and quality standard. It may result in the ban of specific ingredients proven to be hazardous. If a product includes these ingredients, it is not allowed to enter the country. A regulation also serves as a standard for environmental or ethical impact. Impact - Impact limits consumer access to goods that are considered to be of poor quality or do not meet social expectations. Embargo Ban - An embargo is the complete refusal to import a good or even all goods from a particular country. It can create a black market for those goods and hurts the political relationship with the country that has been banned. It could also potentially hurt the economy of one or both countries. FTA \u2013 Free Trade Agreement; Countries that trade freely with the U.S., beneficial because of the agreement which eliminates all barriers to trade and countries agree to work together economically.", "Image XResolution": "37", "Image YResolution": "37", "Image ResolutionUnit": "Pixels/Centimeter", "Image Software": "SlidePlayer", "Image YCbCrPositioning": "Centered"}