International Trade Quiz

3 types of trade barriers include:

• embargo, race, ethnicity

• tariffs, quotas, embargo

• WTO, IMF, ICC

• tariff, blocs, trade

The longest running embargo is?

• Russia's embargo on the US

• The US embargo on Cuba

• Cuba's embargo on Italy

• Jamaica's embargo on Australia

Agreements between two countries are known as?

• Multilateral

• Tariffs

• Bilateral

• Free Trade Agreement

Canada placed a tariff on the following countries for importing steel and aluminium: EU, China and United States

• true

• false

What best defines trading blocs?

• Agreement between different governments around the world

• Import and Export between countries

• Persuasion of trade between countries by the removal of trade barriers

• two countries coming together as one

What is the name of the trade bloc established in the Caribbean?

• FTA

• CARIBANA

• CARIFTA

• Treaty of Chaguaramas

FTA, common Markets, Economic Union and Customs Union are types of trading blocs

• true

• false

Natural trade and free trade are the same

• true

• false

What was GATT converted to?

• ASYCUDA

• International Chamber of Commerce

• World Trade Organization

• International Monetary Fund

What are the three main trade bodies?

• WHO, IMF and World Bank

• WTO, IMF and WB

• WTO, IFO, World Bank

• IMF, WTO and WB