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Barriers To Trade Quiz 7 (30 MCQs)

Quiz Instructions

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1. What do trade barriers do?(Main purpose)
2. A limit on imported goods is .....
3. Exchanging goods, services, or for other goods, services, or resources; or for money
4. Japanese auto firms, in Washington D.C., agreed to set limits s on the # of Japanese cars that may be sold in the U.S.
5. What is the most basic economic problem?
6. Cuba is close to having this type of system.
7. In 2005, the United States limited the imports of Chinese textiles to 7.5% a year. This is an example of which trade barrier?
8. Brazil restricted all imports of aluminum from Canada. This is an example of what kind of trade barrier?
9. The European Union was created to
10. A limit to the number of imports that may enter a country
11. In 2006, the United Nations passed a Resolution that prohibits states from directly or indirectly supplying North Korea with conventional weapons (battle tanks, artillery, aircraft, missiles, etc.) This is an example of which trade barrier?
12. In 2005, the United States limited the imports of Chinese textiles to 7.5% a year
13. When a country or individual produces a single product that they are good at producing.
14. What would be the MOST important factor in deciding what job you would have if you lived in a traditional economy
15. The ability of an individual or group to carry out a particular economic activity more efficiently than another activity
16. A trade barrier that limits imported goods is called what?
17. Which of the following is NOT a purpose of the EU?
18. A tax on imports
19. Which of the following is NOT usually an effect of increased literacy?
20. Which of the following is NOT true about subsidies?
21. A tax or fee placed on imported (foreign) goods
22. In 2010, China announced that it would impose and import a tax on American poultry of up 105.4 percent. This is a(n) .....
23. In 2006, the United Nations Security Council unanimouslyadopted a resolution to restrict the export to and the import from Iran on certain items and technology potentially related to nuclear weapons. This is a(n) .....
24. The European Union limits the amount of imported aluminum from Canada.
25. Argentina increased taxes to 9% on the import of milk powder after record levels of imports and fears Argentina farmers would suffer falling incomes.
26. In 1990, the Japanese Government announced it would extend its voluntary limit on automobile exports to the United States. This is a(n) .....
27. Embargos are NOT effective when .....
28. The United Kingdom adds a tax on all fabric imported from Italy.
29. In 2006, the United Nations passed a Resolution that prohibits states from directly or indirectly supplying North Korea with conventional weapons (battle tanks, artillery, aircraft, missiles, etc.) This is a(n) .....
30. A person who takes the risks to start his or her own business is called a .....
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