How are subsidies similar to tariffs?

Both aim to disadvantage imports.

How do quotas help domestic producers?

Quotas facilitate the sale of more domestic goods.

Tariffs and subsidies are both types of

incentives.

What is the government's aim in setting quotas?

to increase sales of domestic goods

Customs duty on cars produced overseas is a type of

not positive incentive and subsidy.
not negative incentive and subsidy.

What is the purpose of quotas?

to limit how much of a good can be imported

Which best describes how standards help domestic producers?

Standards require goods to meet basic requirements.

Which group directly benefits from subsidies?

producers

Which best describes what a subsidy does?

It keeps the price of domestic goods relatively low.

What purpose do financial incentives serve?

They act as trade barriers.

How do embargoes most negatively affect a domestic market?

by depriving domestic producers of needed goods, restricting their ability to trade

Who ultimately pays for tariffs, consumers or producers?

consumers