Question

trade protectionism is the use of government regulations to limit the import of goods and services. this exercise requires you to identify the forms of protections the government uses and match those with examples of each of the protections. this activity is important because it identifies different examples of government trade protections. instructions: match the government regulation with the example that illustrates the regulation. 1 protective tariff 2 dumping 3 import quota 4 revenue tariff 5 embargo match each of the options above to the items below. the united kingdom will not allow airjet to sell fighter jets to any other country. canada levies a tax on imports from china to raise money for its government. the united states limits the amount of sugar and peanuts that can be imported into the country. the nation of swanland puts a tax on rice to protect the domestic industry of rice.

Explanation:

1. An embargo is a complete ban on certain goods or services being traded. The UK not allowing Air - Jet to sell fighter jets is an embargo.
2. A revenue tariff is a tax on imports to raise government revenue. Canada levying a tax on imports from China for revenue is a revenue tariff.
3. An import quota is a limit on the quantity of goods that can be imported. The US limiting sugar and peanut imports is an import quota.
4. A protective tariff is a tax on imports to protect domestic industries. Swanland taxing rice to protect its domestic rice industry is a protective tariff. Dumping is not matched here as there are no examples of selling goods at below - cost prices in the given scenarios.

Answer:

1. embargo
2. revenue tariff
3. import quota
4. protective tariff