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International trade barriers

7th Grade

Used 6+ times

International trade barriers
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8 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

This trade barrier limits the number of products that can be brought into a country.

Tariff
Quota
Embargo
Subsidy

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

This is a tax on imports that is used to increase price of foreign products and raise government revenue. 

tariff
quota
subsidy
embargo

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

This is the most restrictive of the trade restrictions a nation can use to close off all importation of a product.

tariff
quota
subsidy
embargo

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is a Tariff?

A tax on imported and exported goods

A price marked on goods

Profit made from manufactured goods

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which do you want more of?

Imports

Exports

None

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Read the following claim.

Tariffs can weaken the relationships between countries.

Which selection from the article BEST supports the claim above?

The impact of a tariff depends on the size of the country that imposes it.

Therefore, both countries' trade policies can have a significant impact on the price of cocoa on global markets.

Finally, the amount of trade in the product between the countries would decrease.

For a "large" country, the benefits of a tariff are mixed. Buyers within the country face higher prices.

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Why do governments use tariffs?

To protect domestic industries and jobs

To raise revenue

Both 1 & 2

To increase exports

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