Title: Examine the concept of trade barriers and sanctions.
Course: Opportunities in Global Trade (12056-I) > Section: Examining Global Trade Challenges

Examination should include a definition of the terms trade barrier, trade sanction, and protectionism and an examination of ways that protectionism is used as a trade barrier or sanction in the domestic and global marketplaces. Explanation should include, but not be limited to, the following examples:

- Boycotts
- Expropriation
- Licensing requirements
- Tariffs
- Quotas
- Embargoes
- Anti-dumping

Process/Skill Questions:

- How do trade barriers and sanctions affect the consumers of a country against which the barriers/sanctions are directed? How do they affect the consumers of the country inflicting the barriers/sanctions?
- How do trade barriers and sanctions affect the businesses of a country against which the barriers or sanctions are directed? How do they affect the businesses of the country inflicting barriers or sanctions?
- What are some of the political motives behind trade barriers? What are the political risks?
- What are examples of trade agreements between the United States and other countries? What barriers to trade are inherent in these agreements?
- How can imposing a trade barrier between countries affect the economy and business entities within those countries?
- What ethical issues can trade barriers create?
- What are examples of trade barriers that are not created by government actions?