
Unit 2
Authored by K.Quan Thao
English
University
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15 questions
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1.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
Which of the following is an example of a trade barrier?
Free trade agreements
Tariffs
Open borders
Open market
2.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
A government provides financial support to domestic farmers to help them compete with foreign producers. This is an example of:
A tariff
A subsidy
A quota
Anti-dumping
3.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
The government sets a limit on how many cars can be imported from a specific country. This is an example of:
A tariff
A subsidy
A quota
Deregulation
4.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
When a country imposes extra duties on imported goods that are sold below their fair market value, it's implementing:
A subsidy
Anti-dumping measures
Protectionism
Trade barriers
5.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
The policy of protecting newly established domestic industries from foreign competition is known as:
Infant industry protection
Anti-dumping
Outsourcing
Deregulation
6.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
Country A increases tariffs on Country B's goods in response to Country B's trade restrictions. This action is best described as:
Incentivizing
Retaliating
Outsourcing
Deregulating
7.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
The difference between a country's exports and imports is called
Trade balance
Trade surplus
Trade deficit
Trade equilibrium
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