Trade Barriers
Essay Practice Activity
START
- Evaluate the feasibility of doing business in a specific country.
- Describe methods for business entry into the global marketplace.
LearningOutcomes
By completing this activity, you will:
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Next
Essay Introduction
In this section, you learned about competing in the global marketplace and the various barriers to trade. Write a paragraph describing several tariff and nontariff barriers to trade. After submitting your response, check how many points from the response guide you included.
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Next
Essay prompt
Please answer the essay question below
Back
Next
Essay Response Guide
Take a moment to review your response using the criteria below. Assess how many of these points you addressed in your response. Once you’re ready to move forward, click “Next” button below to continue.
Nontariff Barriers (NTBs)
Tariff Barriers
Click on the arrows to learn more!
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Thank you for completing this essay activity!
Restart
All instructional content, including AI-assisted adaptations and custom interactive learning activities created on Genially is licensed by Saylor Academy under the 'Creative Commons Attribution-NonCommercial-ShareAlike 4.0 International (CC BY-NC-SA 4.0) license. All Genially proprietary elements such as templates, themes, built-in assets, stock media, and other “Genially Content” remain subject to Genially's Terms of Service and are not covered by this Creative Commons license. These elements must remain embedded in the course and cannot be reused or redistributed independently.
Tariff Barriers
These are direct taxes imposed on imported goods:
- Import Duties – Taxes on foreign goods to make them more expensive and protect domestic producers.
- Export Tariffs – Taxes on goods leaving a country (less common, but used in specific sectors like natural resources).
- Customs Fees – Additional charges at the border that increase the cost of traded goods
Nontariff Barriers (NTBs)
These restrict trade without using taxes: Quotas – Limits on the quantity of goods that can be imported or exported. Import Licensing – Special permissions required before importing certain goods. Subsidies – Government financial support to domestic industries, making their goods artificially cheaper than imports. Technical Standards – Health, safety, or environmental regulations that imports must meet (can be trade-restrictive if overly strict). Voluntary Export Restraints (VERs) – Agreements where exporting countries limit how much they send to a country. Embargoes or Sanctions – Complete bans on trade with certain nations or products for political or security reasons.
(1.5) Practice: Essay - Factors of Production
Saylor Academy
Created on January 26, 2026
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Transcript
Trade Barriers
Essay Practice Activity
START
LearningOutcomes
By completing this activity, you will:
Back
Next
Essay Introduction
In this section, you learned about competing in the global marketplace and the various barriers to trade. Write a paragraph describing several tariff and nontariff barriers to trade. After submitting your response, check how many points from the response guide you included.
Back
Next
Essay prompt
Please answer the essay question below
Back
Next
Essay Response Guide
Take a moment to review your response using the criteria below. Assess how many of these points you addressed in your response. Once you’re ready to move forward, click “Next” button below to continue.
Nontariff Barriers (NTBs)
Tariff Barriers
Click on the arrows to learn more!
Back
Next
Thank you for completing this essay activity!
Restart
All instructional content, including AI-assisted adaptations and custom interactive learning activities created on Genially is licensed by Saylor Academy under the 'Creative Commons Attribution-NonCommercial-ShareAlike 4.0 International (CC BY-NC-SA 4.0) license. All Genially proprietary elements such as templates, themes, built-in assets, stock media, and other “Genially Content” remain subject to Genially's Terms of Service and are not covered by this Creative Commons license. These elements must remain embedded in the course and cannot be reused or redistributed independently.
Tariff Barriers
These are direct taxes imposed on imported goods:
Nontariff Barriers (NTBs)
These restrict trade without using taxes: Quotas – Limits on the quantity of goods that can be imported or exported. Import Licensing – Special permissions required before importing certain goods. Subsidies – Government financial support to domestic industries, making their goods artificially cheaper than imports. Technical Standards – Health, safety, or environmental regulations that imports must meet (can be trade-restrictive if overly strict). Voluntary Export Restraints (VERs) – Agreements where exporting countries limit how much they send to a country. Embargoes or Sanctions – Complete bans on trade with certain nations or products for political or security reasons.