OCR GCSE Economics - 4.1 - Importance of International Trade

OCR GCSE Economics - 4.1 - Importance of International Trade

9th - 11th Grade

10 Qs

quiz-placeholder

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OCR GCSE Economics - 4.1 - Importance of International Trade

OCR GCSE Economics - 4.1 - Importance of International Trade

Assessment

Quiz

Other

9th - 11th Grade

Medium

Created by

Ally Peake

Used 50+ times

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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

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