PROTECTIONISM

Protectionism is heading to

• Protecting consumers from overpricing

• Boosting domestic and abroad trading

• Protecting and promoting domestic production

• Preventing domestic industries from producing low-quality goods

How many tools does protectionism include?

• 2

• 3

• 6

• 7

What is the definition of tariff?

• An amount of money to support disadvantaged people who need economic support

• State work affects the price and quantity of a commodity imported into the market

• The criteria used to determine where a product is manufactured

• A tax imposed by a government of a country on imports or exports of goods

The highest objective of dumping is

• To solve countries overloaded stage with products

• To increase market share in a foreign market

• To decrease the market price

• To distribute the goods more easily

What kind of product has China been accused of dumping?

• Steel and Solar Panels

• Tires

• Electronic waste

• Funiture

Which doesn't belong to the three main options of anti-dumping import duty?

• An ad valorem duty

• A variable duty

• A specific duty

• A countervailing duty

Which article of the General Agreement on Tariffs and Trade (GATT) mentions the “dumping margin”?

• II

• IV

• I

• III

Another implement besides anti-dumping tariff that can be used for preventing Dumping is:

• Rules of Origin

• Subsidies

• Import Quotas

• Local Content Requirement

What are the disadvantages of protectionism?

• Stagnation of technological advancements

• Limited choices for consumers

• Increase in prices

• Economic isolation

• All of aboves

Protectionism is also supposed to cause the economic crisis?

• Right

• Wrong