Trade Barriers Explained

Описание: Mr. Parker explains how the main types of governmental trade barriers work, including tariffs, quotas, and embargoes. The video includes historic examples and explores who benefited economically from those trade barriers and who was harmed.

This was produced to match the Georgia Standards of Excellence in 6th and 7th grade social studies, but the content is broadly relevant to economics classes of all grade levels.

Georgia Standards of Excellence: SS7E2, SS7E5, SS7E8 Explain how voluntary trade benefits buyers and sellers. b. Compare and contrast different types of trade barriers, such as tariffs, quotas, and embargoes.