Economics

B4 - Analyze the economic costs and benefits of protectionism, tariffs, quotas and blockades on international trade.

//** Protectionism- When The Prices Get Higher On The Imported Good, Then The People No Longer Want Them. **//
//** Tariffs **//** - ** ** ﻿ tax or duty placed on an imported good by a domestic government. **

** Quota // s- //** **// a proportional part or share of a fixed total amount or quantity. //**

**//Blockades On International Trade-//** //**The isolation of a nation, area, city, or harbor by hostile ships or forces in order to prevent the entrance and exit of traffic and commerce.**//