9.2 Trade: protectionism v free trade

Trade: protectionism v free trade

Multiple Choice

Trade Barriers =

• restricted trade

• unrestricted trade

Multiple Choice

Free trade =

• restricted trade

• unrestricted trade

Multiple Choice

What is the # argument for restricting trade with other countries?

• world dominance

• get more money from other countries

• protect american jobs

Multiple Select

Check the ones that are effects of free trade

• trade wars

• more choices

• higher quality products

• lower prices

Multiple Choice

Who is most hurt by trade wars?

• consumers

• governments

• other countries

Multiple Choice

A limit on the amount of goods that can be traded is called

• quota

• tariff

• embargo

Multiple Choice

A TAX on goods being imported? (or exported)

• tariff

• embargo

• quota

Multiple Choice

Payments that the government makes to an industry to help it with production.

• subsidies

• tariffs

• embargos

Multiple Select

Trade barriers (restrictions) can cause (check all that apply)

• trade wars

• fewer choices

• higher prices

• more interdepence among countries

Multiple Choice

Trade among US, Mexico, and Canada is free and unrestricted

• True

• False

• It's complicated

Multiple Choice

IMF stands for

• International Monetary Fund

• Immigrant Migration Freedom

• International Money Foundation

Multiple Choice

A primary goal of the World Bank is

• end global poverty

• overthrow dictators

• collect taxes worldwide

Multiple Choice

Who is the #1 importer in the world?

• USA

• India

• China

Multiple Choice

Who is the #1 exporter in the world?

• USA

• China

• India

Multiple Choice

Who is the #1 exporter in the world?

• USA

• China

• India