International trade

International trade

University

15 Qs

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International trade

International trade

Assessment

Quiz

English

University

Practice Problem

Hard

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15 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The definition of TRADE is __________________.

Importing goods

to buy or sell goods or services

Exporting goods

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A trade agreement between Canada, Mexico, and the US

NAFTA

WTO

EU

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Tariffs and Quotas can benefit nations imposing them by...

Raising revenue


increasing variety of goods


lowering prices


increasing consumption 

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

International trade activities do NOT include:

the exchange of visible and invisible goods

international movement of labor and money

international processing

re - export

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Government imposed limit on the quantity of a good or service that can be sold (imported) in their country

Quota

Tariff

Taxes

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

_____ can increase the price of imported goods, making domestic products more competitive

Tariff-rate

Quotas

Taxes

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Tariff-rates includes:

Ad Valorem Tariffs

Specific Tariffs

Compound Tariffs

All of them

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