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Barriers To Trade Quiz 8 (20 MCQs)

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1. The United State prohibits all trade with Cuba. This is an example of the following trade barrier:
2. Goods and services produced in a country outside of one's home country
3. Cuba enforced a limit of knit fabric imports from China. This is an example of what type of trade barrier?
4. One benefit of ..... is that it protects locals from cheaper foreign goods.
5. The EU sets rules/laws that its members must follow. Which country has decided they do not want to have these rules for their country?
6. Why do some economies in the Middle East use parts of a traditional economy?
7. What are some examples of trade barriers?
8. A tariff is when a ..... is put on an imported good
9. What is the purpose of monetary exchange rates?
10. In 1990, the Japanese Government announced it would extend its voluntary limit on automobile exports to the United States. This is an example of which trade barrier?
11. In 1962, the United States prohibited all imports and exports to and from Cuba. This is an example of which trade barrier?
12. Which of the following trade barriers would not be effective if a leader only wants to limit trade?
13. A trade bloc made up of European countries.
14. France limits the amount of swiss chocolate that it is able to import.
15. Which pair is incorrectly matched?
16. A block or restriction on trade with another country is called
17. In 2006, the United Nations Security Council unanimously adopted a resolution to restrict the export to and the import from Iran on certain items and technology potentially related to nuclear weapons.
18. Which is an example of a trade barrier?
19. How do trade barriers affect a country's economy?
20. Which of the following would be a natural resource?
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