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Barriers To Trade Quiz 8 (11 MCQs)

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1. In 1990, the Japanese Government announced it would extend its voluntary limit on automobile exports to the United States. This is a(n) _____

2. Embargos are NOT effective when _____

3. The United Kingdom adds a tax on all fabric imported from Italy.

4. 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) _____

5. A person who takes the risks to start his or her own business is called a _____

6. When a country prohibits (does not allow) trade or commerce with another country.

7. An economic system that is based on supply-and-demand is called what term below?

8. This trade barrier is used in hopes of getting the attention of a harsh/dangerous government to make a change

9. Which method of protection would government be most likely to use to increase the country's exports?

10. Russia refuses to import goods from Moldova.

11. Which country is not a part of the European Union?

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Barriers To Trade Quiz 8 (11 MCQs)

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