International Trade & Tariffs - Final Assessment

How has international trade increased the quality and productivity of manufacturing as stated in the presentation?

• Higher rate of imports

• Competition with other countries

• Increased manufacturing budgets

• Lower rate of error

What are items transported into a country from a foreign country?

• Exports

• Subsidies

• Embargoes

• Imports

Which of the following was listed as a good area for Free Trade Zones?

• Seaports

• Borders

• Embassies

• Government buildings

What occurs when one country refuses to buy goods from another country?

• Quota

• Ad valorem

• Boycott

• Dumping

When was NAFTA created?

• 1989

• 1992

• 1994

• 1987

What are payments made by the government and given to producers to be a contender with competitors?

• Standards

• Subsidies

• Loans

• Grants

Which is NOT one of the reasons international trading is important?

• Expand United States affairs

• Unrestricted flow of goods

• Cheaper availability

• Easier trading practices

Which of the following was NOT a goal of the GATT as stated in the presentation?

• Expand exchange of goods

• Encourage free trade

• Regulate and reduce tariffs

• Eliminate supply and demand

What does NAFTA stand for?

• National Agency for Trade Adherence

• Negotiations Among Foreign Trade Authorities

• North American Free Trade Agreement

• Nominally Advised Feasible Trade Attribution

An ad valorem would be considered which of the following?

• License

• Embargo

• Quota

• Tariff