WorksheetsSSEIN2 Practice
Total questions: 31
Worksheet time: 20mins
Taxes imposes on imports are called
Subsideis
Tariffs
Embargoes
Standards
How would someone who wanted to see all trade barriers removed have felt about NAFTA?
They would have opposed it on the grounds that it would cost too many US jobs
They would have supported it because it called for subsidies
They would have opposed it on the grounds that it made tariffs too high
They would have supported it for establishing free trade
Which of the following parties would be MOST LIKELY to favor US Tariffs?
Producers of exported US Products
US consumers
US Labor Unions
Foreign Producers of US Imports
The international community has just discovered that the leaders of Country X are executing large numbers of citizens who it accuses of opposing the government. In an effort to put economic pressure on Country X to stop these mass murders, the international community refuses to ship food and military weapons to the country, while refusing to buy Country X's products. As a result, Country X ceases its brutal actions and asks other nations to resume trade relations. Country X has responded to
Tariffs
An embargo
International STandards
International Subsidies
Which of the following can limit the availability of foreign products?
Product standards
Fee trade
Lack of quotas
Few domestic subsidies
A tariff is when a _______ is put on an imported good
Tax
Limit
Block
Cost of trade
A block or restriction on trade with another country is called
Tariff
Embargo
Quota
Subsidies
A country might place a limit or __________ on another country to weaken their economy.
Embargo
Tariff
Quota
Standard
If a country produces one product at a fast pace and can do what they do best and trade for the rest, this is called what?
Specialization
Currency Exchange
Tariff
Balance of Trade
What does EU stand for?
Everyone United
European Union
Equal United
European University
Countries included in the EU
France, Germany, Italy, and France
Great Britain, United States, Japan
Brazil, Great Britain, United States, Cuba
DRC, Zimbabwe, Cuba
What does NAFTA mean?
North American Federation of Team Athletes
North American Federation of Trade
New Americans Feel Threatened by Allies
North American Free Trade Agreement
What is ASEAN?
Association of South East Asian Nations
Association of Social Studies Educators in Nigeria
Association of Scientist, Educators, and New Reporters
Association of Safety Engineers, Accountants, and Nuclear Engineers
What countries are included in ASEAN?
China, Japan, Russia, and South Korea
Ireland, France, Spain, and Israel
Thailand, Indonesia, Vietnam, Cambodia, and Malaysia
Brazil, Cuba, Jamaica, and Aruba
What is the purpose of NAFTA
To create an intercontinental road between Mexico, USA, & Canada
To decrease trade barriers and increase trade among Canada, USA, & Mexico.
To make sure that Americans can get Canada maple syrup and Mexican tacos.
To make sure that people in Canada and Mexico can go to Walmart.
Which One Of These Is An Argument Against Free Trade
Protecting Infant Industries
Protecting National Security
Protecting Domestic Employment
Protecting The Environment In Developing Countries
What Is Free Trade
International trade left to its natural course with tariffs, quotas, embargoes, subsidies, and other restrictions.
Trade that protects: national security, domestic employment, and the environment in developing countries.
International trade left to its natural course without tariffs, quotas, or other restrictions.
Economic sanctions applied by one or more countries against a targeted country, group, or individual.
Is NAFTA a trade agreement or a trade barrier?
A Trade Agreement
A Trade Barrier
What does it mean to protect infant industries?
To make sure that well established corporations get a chance in the market.
To make sure that new industries get a chance to compete in the market both nationally and internationally.
To make sure that the national security of the USA is protected.
To make sure that the environment of the USA is protected from development in perpetuity.
What does it mean to protect national security?
The argument supports the use of trade barriers when a new industry is in the early stages of development.
The argument of maintaining industries critical to the country’s even when the industry cannot efficiently compete at the internationally.
The argument of seeking to protect workers of a country from becoming unemployed due to competition from workers in developing countries.
The argument that restrictions on trade with countries that have lax environmental standards.
What Does It Mean To Protect Domestic Employment?
The argument supports restrictions on trade with countries that have lax environmental standards.
The argument seeking to protect workers of a country from becoming unemployed due to competition from workers in developing countries.
The argument that supports the use of trade barriers when a new industry is in the early stages of development.
The argument for maintaining industries critical to the country’s national security even when the industry cannot efficiently compete
What do workers in developing countries need to be protected from free trade?
Because of the lax environmental standards in these countries.
Because of unfair labor practices in these countries.
Because of unfair hiring practices in these countries.
Because workers in these countries don't possess the same level of skill as workers in developed world.
Which of these is not an international trade agreement/ organization?
European Union
North American Free Trade Agreement
Association of Southeast Asian Nations
Southern Christian Leadership Conference
According to the USA Test Prep video, specialization leads to
higher prices
lower quality
lower productivity
higher productivity
__________allows for specialization which transforms into higher productivity.
democracy
communism
trade
price
