In relation to the following barriers to trade, match the barrier with the correct explanation - Leaving Cert Economics - Question 5 - 2011

An embargo is a government order that restricts commerce and trade with specific countries or the exchange of specific products, hence it's a total ban on imports.

A quota sets a physical limit on the quantity of goods that can be imported into a country over a set time period.

A subsidy is a financial assistance provided by the government to reduce the costs of production for exporters, thereby making their products more competitive.

A tariff is a tax imposed on imported goods, which is designed to raise revenue for the government and protect domestic industries from foreign competition.