International Trade 2

What is PROTECTIONISM?

• economic policy of restricting imports from other countries

• economic policy of restricting exports from other countries

• economic policy of imports from other countries

• economic policy of exports from other countries

Which of the following is part of the arguments about trade against?

• The protection of infant industries

• The anti-dumping and unfair competition

• The national security

• A misallocation of resources

Which are known as the advantages of international trade?

• Opportunity to specialize

• Encouraging exports and discouraging imports

• Increase market share

• Attracting foreign investor

What is NOT referred as a characteristic of international trade?

• Governmental Control

• Foreign Currency

• Comparative advantage

• Separation of Buyers and Producers

If nations limit trade in of clothing who will benefit?

• Domestic Consumers of clothing
• Domestic producers of clothing
• Foreign Producers of clothing 
• department stores who sell clothing

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

• Subsidy

• Quota

• Embargo

• Tariff

A means of preventing a foreign product or service from freely entering a nation's territory.

• trade surplus
• trade embargo
• trade barriers

Which is the correct option

• International trade does not take place globally

• International trade does not apply to the UAE

• international trade deals with only trading of services

• International trade is the exchange of goods and products between countries globally.

Tags

CCSS.RI.7.2

CCSS.RI.8.2

CCSS.RL.7.1

CCSS.RL.8.1

CCSS.RL.9-10.2