OCR GCSE Economics - 4.1 - Importance of International Trade
Authored by Ally Peake
Other
9th - 11th Grade
Used 50+ times
AI Actions
Add similar questions
Adjust reading levels
Convert to real-world scenario
Translate activity
More...
Content View
Student View
10 questions
Show all answers
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 the price of foreign products and raise government revenue
Tariff
Quota
Subsidy
Embargo
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Infant industries can be helped in the world market by giving those industries a
Subsidy
Quota
Embargo
Tariff
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Tariffs and quotas can benefit nations imposing them by:
Raising revenue
Increasing the variety of goods
Lowering prices
Increasing consumption
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A major cost of free trade from poor nations is that they will
Get cheaper goods
Get more goods
Get environmental damage
Get a greater variety of stuff
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Watches made in Norway are worn by people in Liverpool
Import
Export
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Tyres made in Newcastle are used on cars in the US
Import
Export
Access all questions and much more by creating a free account
Create resources
Host any resource
Get auto-graded reports
Continue with Google
Continue with Email
Continue with Microsoft
or continue with
%20(1).png)
Apple
Others
By signing up, you agree to our Terms of Service & Privacy Policy
Already have an account?
