Government Policy and International Trade
Authored by MASNI DONG
Business
University
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15 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the definition of Free Trade?
A direct restriction on the quantity of some good that may be imported into a country
A tax levied on imports
Absence of barriers to the free flow of goods and services between countries
A government payment to a domestic producer
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the purpose of tariffs?
To further foreign policy objectives
To ban certain goods from being imported
To protect consumers from unsafe products
To help domestic producers compete against low-cost foreign imports
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the main objective of subsidies?
To punish foreign firms that engage in dumping
To restrict the quantity of imported goods
To make it difficult for imports to enter a country
To help domestic producers gain export markets
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the purpose of an import quota?
To protect national security
To restrict the quantity of some good that may be imported into a country
To further foreign policy objectives
To protect consumers from unsafe products
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the definition of dumping?
Selling goods in a foreign market below their cost of production
A tax levied on imports
A government payment to a domestic producer
A direct restriction on the quantity of some good that may be imported into a country
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the purpose of antidumping policy?
To help domestic producers compete against low-cost foreign imports
To protect consumers from unsafe products
To punish foreign firms that engage in dumping
To further foreign policy objectives
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the Infant Industry Argument?
An industry should be protected until it can develop and be viable and competitive internationally
Governments can help raise national income if domestic industry can gain first-mover advantages
Strategic trade policies aimed at establishing domestic firms in a dominant position in a global industry
A tax levied on imports
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