
A2 Protectionism
Quiz
•
Business
•
12th Grade
•
Practice Problem
•
Easy
Mark Higgins
Used 1+ times
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11 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the opposite of open trade?
Liberalism
Protectionism
Capitalism
Globalization
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the main aim of protectionism?
To reduce domestic production
To promote free trade
To protect domestic businesses
To increase international trade
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is a common type of protectionism mentioned in the text?
Free trade agreements
Subsidies
Tariffs
Global partnerships
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What does a tariff do to imported products?
Reduces their quantity
Improves their standards
Increases their price
Decreases their quality
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is a quota?
A subsidy for exports
A standard for product quality
A limit on the quantity of imports
A tax on domestic products
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What are non-tariff barriers?
Subsidies for domestic industries
Regulatory hurdles for imports
Taxes on exports
Limits on the number of domestic products
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
How can a government support its domestic businesses against overseas competition?
By increasing taxes
By imposing more regulations
By providing subsidies
By promoting free trade
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