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Trade Barriers- Distant Learning

Total questions: 10

Worksheet time: 20mins

Name
Class
Date
1.

What is a tariff?

a)

Tax on imported goods

b)

To stop trading with a business or country

c)

A limit on imported goods

2.

A subsidy is

a)

a cash grant or loan from the government to support the business.

b)

a law that promotes safety.

c)

a tax on imports.

d)

a specific number of imports allowed.

3.

An embargo is

a)

a tax on imports.

b)

a cash grant or loan from the government to support the business.

c)

an official ban on trade.

d)

a specific number of imports allowed.

4.

A quota is

a)

an official ban on trade.

b)

a limit on or a specific number of imports allowed.

c)

a law that promotes safety.

d)

a tax on imports.

5.

A standard is

a)

a cash grant or loan from the government to support the business.

b)

a tax on imports.

c)

an official ban on trade.

d)

a requirement that promotes safety on all products.

6.

An export is

a)

items purchased from other countries.

b)

dependence on others to get products you do not produce and needing to purchase items from them.

c)

items sold to other countries. Goods exit the USA.

d)

producing certain goods very well and for a reduced cost.

7.
In 1962, the United States prohibited all imports and exports to and from Cuba.
a)
Tariff
b)
Embargo
c)
Quota
8.
A trade agreement between Canada, Mexico, and the US
a)
NAFTA
b)
EU
c)
WTO
d)
ABC
9.

A trade bloc made up of European countries.

a)

The European Union

b)

The Europe Coal and Steel Community

c)

The Bretton Woods Agreement

10.

ASEAN is a trade bloc made of southeastern ____ nations.

a)

African

b)

Australian

c)

Asian