chapter 19

chapter 19

University

28 Qs

quiz-placeholder

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chapter 19

chapter 19

Assessment

Quiz

Business

University

Practice Problem

Medium

Created by

Aysha Alnefaiei

Used 3+ times

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28 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

As global trade grows, global competition is decreasing.

TRUE

FALSE

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Governments may charge _______, taxes on certain imported products designed to raise revenue or protect domestic firms.

Tariffs

Quotas

Exchange controls

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

_________are often used to force favorable trade behaviors from other nations.

Quotas

Tariffs

Exchange controls

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A Quota barrier is restrictive product standards

TRUE

FALSE

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

It established the World Trade Organization (WTO), which replaced _____ in 1995.

COMESA

NAFTA

GATT

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Economic communities are also known as free trade zones

TRUE

FALSE

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A group of nations organized to work toward common goals in the regulation of international trade.

Exchange controls

Economic community

GATT

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