Protectionism

Protectionism

Assessment

Quiz

Social Studies

12th Grade

Medium

Created by

Matthew Elm

Used 45+ times

FREE Resource

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20 questions

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1.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Which method of protection raises revenue for the government?

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

An import quota is a
tax on import quantities above the legal limit.
way to increase tariff revenues for the exporting country.
legal limit on the amount of a good that can be imported into a country.
legal incentive for members of WTO to increase their exports of a good or service.

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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