International Trade

The exchange of goods and services between countries is know as?

• Domestic trade

• International trade

• Export

• Commerce

Which of the following is a form of trade barrier?

• Quota

• Tarrif

• Embargo

• All of the above

The restrictions put on trade because a country want to produce and sell their own products are called (a)  

(a)   is used primarily to raise government revenue without restricting imports.

A tax put on goods that are imported into a country.

• Subsidy

• Quota

• Embargo

• Tariff

A _____________ is a restriction on the amount of goods that can be imported into a country.

• Tariff

• Quota

• Embargo

• Non of the above

When a government orders a complete ban on trade with another country, that is an example of a/an

• embargo

• non export

• quota

• tariff

This form of trade barrier is the harshest and is usually enacted for political purposes to hurt a country economically.

• standard

• embargo

• tariff

• quota

Before goods enters a country they must meet a certain criteria. This is known as____________________

• Subsidy

• safe goods

• Standards

• non negotiable

Which of the following is not a benefit of trade barriers?

• Trade barrier can provide income for the government

• Trade barrier provide jobs for a country's industries.

• Trade barrier protects a country's homeland from competition

• None of the above