Government Economic Policies by Alexandria Pottebaum https://padlet.com/apottebaum25/vicogxpyv76rp0qp en-us 2023-09-12 12:31:16 UTC 2023-09-13 12:31:24 UTC hello@padlet.com Embargo apottebaum25 https://padlet.com/apottebaum25/vicogxpyv76rp0qp/wish/2699842222 An official ban on trade or any other kind of commercial activity with a particular country.

Examples:
1. The United States embargo against Cuba prevents U.S. businesses, and businesses organized under U.S. law or majority-owned by U.S. citizens, from conducting trade with Cuban interests. It is the most enduring trade embargo in modern history.
2. Russian sanctions on Georgia.

]]> 2023-09-12 12:34:12 UTC https://padlet.com/apottebaum25/vicogxpyv76rp0qp/wish/2699842222 Trade Agreement apottebaum25 https://padlet.com/apottebaum25/vicogxpyv76rp0qp/wish/2699848478 An international treaty, between countries on trade conditions that result from collective bargaining contracts.

Examples:
1. Australia Free Trade Agreement
2. Central America-Dominican Republic Free Trade Agreement
3. Chile Free Trade Agreement]]> 2023-09-12 12:37:59 UTC https://padlet.com/apottebaum25/vicogxpyv76rp0qp/wish/2699848478 Tariff apottebaum25 https://padlet.com/apottebaum25/vicogxpyv76rp0qp/wish/2699855664 A tax that needs to be paid, based on imports and exports.

Examples: 
1. A tax imported on a good from another country
2. 3% tax on corn - 3% upcost of corn paid by any domestic importer
3. 25% tax on imported steel - 10% tariff on imported aluminum]]> 2023-09-12 12:42:02 UTC https://padlet.com/apottebaum25/vicogxpyv76rp0qp/wish/2699855664 Sanction apottebaum25 https://padlet.com/apottebaum25/vicogxpyv76rp0qp/wish/2699860109 A threatening penalty for disobeying or breaking a law or rule.

Examples:
1. trade barriers, asset freezes, travel bans 
2. Arms embargoes, and restrictions on financial transactions.
 
]]> 2023-09-12 12:44:22 UTC https://padlet.com/apottebaum25/vicogxpyv76rp0qp/wish/2699860109 Quota apottebaum25 https://padlet.com/apottebaum25/vicogxpyv76rp0qp/wish/2699864501 A share of something that multiple people are entitled to receive or contribute to.

Examples:
1. A nation may restrict another from importing a maximum of 100 barrels of crude oil
2. A woodworker may need to make 12 tables in one month to meet their quota

]]> 2023-09-12 12:46:48 UTC https://padlet.com/apottebaum25/vicogxpyv76rp0qp/wish/2699864501 Subsidy apottebaum25 https://padlet.com/apottebaum25/vicogxpyv76rp0qp/wish/2699870511 A sum of money that the government gives to help a business so that the price of a commodity or service may remain low or competitive. Government support for a business or industry.

Examples:
1. Production subsidy
2. Oil subsidies
3. Tax breaks, grants, air travel, agriculture, tech, education
]]> 2023-09-12 12:50:17 UTC https://padlet.com/apottebaum25/vicogxpyv76rp0qp/wish/2699870511