Social Studies project

Social Studies project

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  • I was wondering about trading with China for the amazing t-shirts that they make, they specialize in them, meaning they are very good at making those t-shirts.
  • I believe they have a quota, embargo, or tariff set up, I'm not sure which one, though.
  • Well, what do all of those mean?
  • So, a tariff is a tax on imported goods.
  • Ok, sounds interesting, so what's a quota?
  • A quota is a limit on the number of goods imported.
  • Sounds reasonable, then what's an embargo?
  • An embargo is when a country blocks all trade with another country.
  • Then which one did China set up?
  • I'm pretty sure they set up an embargo.
  • Dangit, I really wanted to get those t-shirts!
  • . . .
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