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AE1-M2-REVISION

Authored by Thu Nguyen

English

University

Used 2+ times

AE1-M2-REVISION
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50 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A/An _____ is characterized by the absence of tariffs, taxes, licensing requirements, subsidies, etc.

regulation

protected market

restriction

open market

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

_____ is a situation in which goods come into and out of a country without any tariffs or subsidies.

Deregulation

Customs

A restriction

Free trade

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Countries which truly believe in free trade try to liberalise their trade; they take away _____ to trade.

quotas

tariffs

subsidies

barriers

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

_____ are limits on the quantity of goods that can be imported into a country.

Regulations

Restrictions

Tariffs

Quotas

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

When companies _____ goods in overseas markets, they sell goods at very low prices, usually for less than the producing cost.

export

import

trade

dump

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The worldwide movement toward economic, financial, trade, and communications integration is referred to as _____.

privatisation

liberalisation

deregulation

globalisation

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

In the process of liberalization, Finnair is developing a foreign _____ at Stockholm, a central point to and from which flights go to final destinations.

code-share

slot

alliance

hub

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