
International Economics
Authored by Christopher Duke
Social Studies
11th Grade - University
Used 3+ times

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23 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
All of the following are gains from trade, EXCEPT:
lower prices for consumers
a more efficient allocation of resources
greater choices for consumers
protection of domestic jobs
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Economies of scale can be defined as:
An increase in average production costs as the quantity of production is increased.
A fall in average production costs as the quantity of production is increased.
An increase in total production costs as the quantity of production is increased.
A fall in total production costs as the quantity of production is increased.
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following is not an objective of the World Trade Organization (WTO)
to promote free trade among member countries by reducing trade barriers
to handle trade disputes among member nations
to offer loans to developing economics
to be a forum for trade negotiations
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following protectionist measures will not raise the price for consumers?
Tariff
Subsidies
Quotas
Administrative Barriers
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following protectionist measures puts in the greatest burden on domestic taxpayers?
Tariff
Subsidies
Quotas
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
After the implementation of the tariff, total imports on the diagram are:
Q1 to Q4
Q2 to Q3
Q4
Q2 to Q4
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
After the implementation of the trade subsidy, total imports on the diagram are:
Q1 to Q2
Q1 to Q3
Q3 to Q2
Q1
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