IBI101- Political economy in international trade

IBI101- Political economy in international trade

University

15 Qs

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IBI101- Political economy in international trade

IBI101- Political economy in international trade

Assessment

Quiz

Social Studies

University

Practice Problem

Medium

Created by

Cao HN)

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15 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Tariffs are unambiguously pro-consumer and anti-producer.

True

False

2.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Export tariffs are far less common than import tariffs.

True

False

3.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

The World Trade Organization was created as part of the Uruguay

Round.

True

False

4.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Which of the following is NOT one of the main instruments of trade

policy?

Tariffs

Credit Portfolios

Local content requirement

Administrative Policies

5.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Specific tariffs are:

levied as a proportion of the value of the

imported good.

government payment to domestic producers.

in the form of manufacturing or production requirements of goods

levied as a fixed charge for each unit of a good

imported

6.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

By lowering production costs, _____ help domestic producers

compete against foreign imports.

subsidies

duties

quotas

tariffs

7.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

_____ is a direct restriction on the quantity of some good that may be

imported into a country.

Import tariff

Import quota

Import subsidy

Ad valorem tariff

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