Global MCQ Practice

🌐 Total MCQ
Home > Economics > International > Trade > Barriers To Trade – Quiz 4
🏠 Homepage 📘 Download PDF Books 📕 Premium PDF Books

Barriers To Trade Quiz 4 (25 MCQs)

Quiz Instructions:

Select an option to see the correct answer instantly.

1. Brazil decides to place a tax on imports from Venezuela. This is an example of the following trade barrier:
2. What does international trade between countries with different currencies require?
3. How did the North American Free Trade Agreement increase economic cooperation between Canada, Mexico, and the United States?
4. Cuba is not allowed to sell anything to the US.
5. Refusing to buy from a country without an official embargo is the definition to what term below?
6. When people or nations produce a smaller amount of goods and services than they consume
7. Why was the European Union was created?
8. When a country refuses to trade with others it is participating in a trade _____
9. The total dollar amount of all final goods and services produced in a country in a year divided by the country's population.
10. Russia's economy is _____
11. The United Nations has decided to limit the amount of equipment that can be sold to Iran for making nuclear fuel. This is an example of what trade barrier?
12. A limit on a specific imported (foreign) good
13. U.S. State Department officials confirm that the current administration has decided to continue the prohibition of all U.S. trade with Cuba.
14. Japanese auto firms agree to limits set in Washington, D.C. on the number of Japanese automobiles that may be sold in the United States.
15. Which event would MOST LIKELY cause a decrease in the market price for cherries?
16. In June of 2013, the European Union described to lift restrictions of the trade of weapons to Syrian rebels. This is a(n) _____
17. A person who takes a change by opening a business
18. These two countries created the European Union to keep European countries from creating war against one another
19. The amount of a resource, good, or service sellers are willing to sell at possible prices is _____
20. Rules used to try to slow or limit trade with other countries
21. The resources used to produce a good and service are _____
22. Which effect is the MOST LIKELY result of a free trade agreement between countries?
23. Spain restricts all imports of automobiles from Germany
24. How do tariffs protect domestic producers?
25. In 1962, the United States prohibited all imports and exports to and from Cuba. This is a(n) _____
← PreviousNext →

Related Quizzes

🏠 Back to Homepage 📘 Download PDF Books 📕 Premium PDF Books