Global MCQ Practice

🌐 Total MCQ
🏠 Homepage 📘 Download PDF Books 📕 Premium PDF Books

Barriers To Trade Quiz 3 (20 MCQs)

Quiz Instructions

Select an option to see the correct answer instantly.

1. The European Union has encouraged all of the following EXCEPT
2. Company XYZ produces cheese in Scotland and exports the cheese, which costs $ 100 per pound, to the U.S. A 20% tax would require company XYZ to pay the United States government $ 20 to export the cheese
3. What increases an country's GDP?
4. A system of trade policy that allows the free exchange of goods between countries. Usually means no tariffs or trade barriers. This is a definition of .....
5. One of the effects of a ..... is that it causes the prices of goods to increase.
6. The policy of imposing duties or quotas on imports in order to protect home industries from overseas competition.
7. Goods and services brought in from other countries
8. Goods or services that a country buys from other nations.
9. Which of the following BEST describes the relationship between literacy and poverty in Latin America and elsewhere?
10. In 2005, the United States limited the imports of Chinese textiles to 7.5% a year. Is this a(n) .....
11. Which of the following trade barriers is a block or restriction on trade with another country.
12. All of these restrict international trade EXCEPT
13. Is the sale of a product in another country at a price lower than in the home market
14. A command economy occurs when the ..... is in control of all economic decisions.
15. In 2011, the United States Department of Agriculture increased its annual sugar-import limit to 1.6 million tons for the year. This is a(n) .....
16. East Germany was not allowed to buy from West Germany during the Cold War.
17. Why would a country impose a tariff or quota on imported goods?
18. The amount of goods and services available per person in an economy.
19. A country's self-imposed restriction on exports.
20. A country might place a limit or ..... on another country to weaken their economy.
🏠 Back to Homepage 📘 Download PDF Books 📕 Premium PDF Books