This quiz works best with JavaScript enabled. Home > International > Trade > Barriers To Trade – Quiz 11 🏠 Homepage 📘 Download PDF Books 📕 Premium PDF Books Barriers To Trade Quiz 11 (20 MCQs) Quiz Instructions Select an option to see the correct answer instantly. 1. A tax on imports A) Tariff. B) Import tax. C) Supply. D) Embargo. Show Answer Correct Answer: A) Tariff. 2. Which of the following is NOT usually an effect of increased literacy? A) People are able to get better jobs. B) A nation's government weakens. C) A nation's industry improves. D) People are able to improve their lives. Show Answer Correct Answer: B) A nation's government weakens. 3. Which of the following is NOT true about subsidies? A) Keep prices low for consumers. B) Involves government payments to businesses. C) Reduces domestic jobs. D) Allow domestic producers to compete at lower market prices. Show Answer Correct Answer: C) Reduces domestic jobs. 4. A tax or fee placed on imported (foreign) goods A) Tariff. B) Quota. C) Embargo. D) Trade Barrier. Show Answer Correct Answer: A) Tariff. 5. In 2010, China announced that it would impose and import a tax on American poultry of up 105.4 percent. This is a(n) ..... A) Tariff. B) Quota. C) Embargo. D) None of above. Show Answer Correct Answer: A) Tariff. 6. 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) ..... A) Tariff. B) Quota. C) Embargo. D) None of above. Show Answer Correct Answer: C) Embargo. 7. The European Union limits the amount of imported aluminum from Canada. A) Tariff. B) Quota. C) Embargo. D) None of above. Show Answer Correct Answer: B) Quota. 8. Argentina increased taxes to 9% on the import of milk powder after record levels of imports and fears Argentina farmers would suffer falling incomes. A) Tariff. B) Embargo. C) Quota. D) None of above. Show Answer Correct Answer: A) Tariff. 9. In 1990, the Japanese Government announced it would extend its voluntary limit on automobile exports to the United States. This is a(n) ..... A) Tariff. B) Quota. C) Embargo. D) None of above. Show Answer Correct Answer: B) Quota. 10. Embargos are NOT effective when ..... A) There is a war. B) Change needs to occur. C) Change has not occurred. D) None of above. Show Answer Correct Answer: C) Change has not occurred. 11. The United Kingdom adds a tax on all fabric imported from Italy. A) Tariff. B) Quota. C) Embargo. D) None of above. Show Answer Correct Answer: A) Tariff. 12. 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) ..... A) Tariff. B) Quota. C) Embargo. D) None of above. Show Answer Correct Answer: C) Embargo. 13. A person who takes the risks to start his or her own business is called a ..... A) Customer. B) Investor. C) Leader. D) Entrepreneur. Show Answer Correct Answer: D) Entrepreneur. 14. The European Union added a new tax on all coffee imported from Colombia. A) Tariff. B) Quota. C) Embargo. D) None of above. Show Answer Correct Answer: A) Tariff. 15. What is characterization? A) When countries trade people to other countries. B) When other countries trade people in exchange for money. C) When other countries trade people for people in return. D) There is no such thing as a characterization trade barrier. Show Answer Correct Answer: D) There is no such thing as a characterization trade barrier. 16. When a country prohibits (does not allow) trade or commerce with another country. A) Quota. B) Tariff. C) Embargo. D) None of above. Show Answer Correct Answer: C) Embargo. 17. An economic system that is based on supply-and-demand is called what term below? A) Market Economy. B) Command Economy. C) Traditional Economy. D) None of above. Show Answer Correct Answer: A) Market Economy. 18. This trade barrier is used in hopes of getting the attention of a harsh/dangerous government to make a change A) Tariff. B) Quota. C) Embargo. D) None of above. Show Answer Correct Answer: C) Embargo. 19. Which method of protection would government be most likely to use to increase the country's exports? A) Exchange control. B) Quotas. C) Subsidies. D) Tariffs. Show Answer Correct Answer: C) Subsidies. 20. An import is A) Producing certain goods very well and for a reduced cost. B) Items sold to other countries. C) Dependence on others to get products you do not produce and needing to purchase items from them. D) Items purchased from other countries. Goods come into the USA. Show Answer Correct Answer: D) Items purchased from other countries. Goods come into the USA. ← PreviousNext →Related QuizzesInternational QuizzesBarriers To Trade Quiz 1Barriers To Trade Quiz 2Barriers To Trade Quiz 3Barriers To Trade Quiz 4Barriers To Trade Quiz 5Barriers To Trade Quiz 6Barriers To Trade Quiz 7Barriers To Trade Quiz 8Barriers To Trade Quiz 9 🏠 Back to Homepage 📘 Download PDF Books 📕 Premium PDF Books