
International trade quiz
Authored by Harrison Powell
Business
11th Grade

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8 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Australia's top export category is:
Services
Mineral fuels
Manufacturing
Agriculture
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Australia's largest trading partner is:
USA
Japan
China
New Zealand
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The most appropriate definition of trade protectionism is:
Government policies that deliberately restrict the level of foreign competition in local markets
Government policies that deliberately restrict Australian producers selling goods or services overseas
The government protecting Australian citizens from harmful overseas goods and services
Increased spending on military equipment by the government
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
An example of trade liberalisation is:
The signing of a free trade agreement
The government increasing the JobSeeker rate
The government increasing taxes on imports
The government introducing an import quota
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
One advantage of free trade is:
It allows Australians to live and work in every country
Australian businesses can ignore local business laws
The government's approval ratings improve
It improves efficiency in resource allocation
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following statements is not true about trade protectionism?
It helps grow infant industries
It encourages self-sufficiency
It reduces unemployment in the short term
It encourages producers to produce goods where they have a comparative advantage
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
As a general rule, the Australian government encourages trade liberalisation.
True
False
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