This test is run by .
Note that your final mark will not be saved in the system.
Note that your final mark will not be saved in the system.
Trade policies Categorise
Target Level
C
Running Total
0
0%
Attempt
1 of 3
Click on an item, then click on a category to place it. Or, drag and drop the item into the correct category. Organise all items before clicking 'Check'.
TARIFFS
QUOTAS
GOVERNMENT LEGISLATION
DOMESTIC SUBSIDIES
A practical limit on the quantity of products imported for example just 1,000 units a year
Stimulates output of critical products e.g. milk
Will help the government to raise tax revenue
An imposed ceiling on the number of goods that can be imported
Intellectual property laws e.g. patents
Raises the income of the producer
A tax on imports
Lowers costs for domestic producers giving them competitive advantage over foreign imports
Can raise the final price to the consumer
Legal requirements on certain goods e.g. live animals