Which method of protection raises revenue for the government?
Protectionism

Quiz
•
Social Studies
•
12th Grade
•
Medium

Matthew Elm
Used 45+ times
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20 questions
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1.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
domestic subsidies
embargo
quota
tariff
2.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
An argument against trade protectionism is that it will increase
competition for domestic industries
domestic price level
the current account deficit
opportunities for domestic infant industries
3.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
what would reduce an economy's protection against the import of cars?
a lower exchange rate
a higher quotas imported cars
a higher tariff on imported cars
higher subsidy for domestic car producers
4.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
What would be an economic benefit to a country of imposing a tariff on imported goods?
A it would increase global productivity
B it would make the country's exports more competitve
C it would put pressure on foreign suppliers to reduce their prices
It would reduce the prices paid by consumers for imported goods
5.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
Which of the following is NOT an argument in favor of protectionism?
Protectionism shields infant industries from foreign competition
Protectionism safeguards workers’ jobs
Protectionism promotes industries that are essential to national security
Protectionism makes domestic firms more competitive in the long run
6.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
7.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
A tax or duty that raises the price of imported products is a .....
Quota
Tariff
Embargo
Subsidy
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