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Marketing I

This lesson focuses on categorizing trade barriers in the United States by examining three key types: tariffs, quotas, and embargoes. Through teacher-led discussions and research activities, students will learn about government involvement in international trade, including how tariffs can act as revenue sources or protective measures for domestic industries. Additionally, students will explore quotas that limit imports and embargoes that impose total trade bans. By documenting at least two examples of each barrier, students will gain insight into the complexities of trade regulations and their implications.

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Marketing I

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  1. Marketing I Mr. Gallucci Lesson 29 Obj: Categorize trade barriers in the US by researching trade barriers and documenting them as Tariffs, Quotas, or Embargoes, after a teacher-lead discussion on trade barriers.

  2. Gov’t Involvement in Int’l Trade • Balance of Trade – A nations difference in value between exports and imports • Positive Balance – “Trade Surplus,” when exports > imports • Negative Balance – “Trade Deficit,” when imports > exports Obj: Categorize trade barriers in the US by researching trade barriers and documenting them as Tariffs, Quotas, or Embargoes, after a teacher-lead discussion on trade barriers.

  3. Gov’t Involvement in Int’l Trade • Tariff’s (duty) – tax on imports • Revenue-producing Tariff’s – used as a primary source of income before taxes were established • Protective Tariff’s – Increase the price of imported goods so that domestic products can compete with them. Obj: Categorize trade barriers in the US by researching trade barriers and documenting them as Tariffs, Quotas, or Embargoes, after a teacher-lead discussion on trade barriers.

  4. Gov’t Involvement in Int’l Trade • Quotas – Limits either the quantity or monetary value of a product that may be imported • Example – Automobiles Obj: Categorize trade barriers in the US by researching trade barriers and documenting them as Tariffs, Quotas, or Embargoes, after a teacher-lead discussion on trade barriers.

  5. Gov’t Involvement in Int’l Trade • Embargoes – A total ban on specific goods coming into and leaving the country • Can be used for political reasons (countries at war) • Food precautions Obj: Categorize trade barriers in the US by researching trade barriers and documenting them as Tariffs, Quotas, or Embargoes, after a teacher-lead discussion on trade barriers.

  6. Activity • Research 10 US Governmental Trade Barriers and categorize them as tariffs, quotas, or embargoes. You must have a minimum of 2 of each kind of barrier. Obj: Categorize trade barriers in the US by researching trade barriers and documenting them as Tariffs, Quotas, or Embargoes, after a teacher-lead discussion on trade barriers.

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