International Trade & Tariffs

How has international trade increased the quality and productivity of manufacturing as stated in the presentation?

• Higher rate of imports
• Competition with other countries
• Increased manufacturing budgets
• Lower rate of error

What are items transported into a country from a foreign country?

• Exports
• Subsidies
• Embargoes
• Imports

Which of the following was listed as a good area for Free Trade Zones?

• Seaports
• Borders
• Embassies
• Government buildings

What occurs when one country refuses to buy goods from another country?

• Quota
• Ad valorem
• Boycott
• Dumping

When was NAFTA created?

• 1989
• 1992
• 1994
• 1987

What are payments made by the government and given to producers to be a contender with competitors?

• Standards
• Subsidies
• Loans
• Grants

Which is NOT one of the reasons international trading is important?

• Expand United States affairs
• Unrestricted flow of goods
• Cheaper availability
• Easier trading practices

Which of the following was NOT a goal of the GATT as stated in the presentation?

• Expand exchange of goods
• Encourage free trade
• Regulate and reduce tariffs
• Eliminate supply and demand

What does NAFTA stand for?

• National Agency for Trade Adherence
• Negotiations Among Foreign Trade Authorities
• North American Free Trade Agreement
• Nominally Advised Feasible Trade Attribution

An ad valorem would be considered which of the following?

• License
• Embargo
• Quota
• Tariff