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Gr.9 - 37 Free Trade and Protection

Total questions: 15

Worksheet time: 11mins

Name
Class
Date
1.

It is the process by which the world is becoming increasingly interconnected through trade links.

a)

Free Trade

b)

Protection

c)

Globalisation

d)

Multinational Corporation

2.

It is an organisation that operates in two or more countries.

a)

Free Trade

b)

Protection

c)

Globalisation

d)

Multinational Corporation

3.

It means that international trade takes place without protectionist measures.

a)

Free Trade

b)

Protection

c)

Globalisation

d)

Multinational Corporation

4.

It refers to the use of trade barriers to restrain foreign trade, thereby limiting overseas competition.

a)

Free Trade

b)

Protection

c)

Globalisation

d)

Multinational Corporation

5.

It refers to the exchange of goods and services beyond national borders.

a)

Free Trade

b)

Protection

c)

Globalisation

d)

International Trade

6.

It is the tax on imports which increases production costs for foreign firms.

a)

tariff

b)

import quota

c)

subsidy

d)

embargo

7.

It is the quantitative limit on the sale of a foreign good.

a)

tariff

b)

import quota

c)

subsidy

d)

embargo

8.

It is a form of government financial assistance to help cut production costs of domestic firms, enabling them to compete against foreign producers.

a)

tariff

b)

import quota

c)

subsidy

d)

embargo

9.

It is a ban on trade with a certain country.

a)

tariff

b)

import quota

c)

subsidy

d)

embargo

10.

It is the limit on the amount of foreign currency that can be obtained.

a)

tariff

b)

import quota

c)

exchange control

d)

embargo

11.

it is the agreement with other governments to restrict export to the the country.

a)

embargo

b)

import quota

c)

exchange control

d)

voluntary export restraints

12.

These are the new industries with relatively low output and high cost.

a)

infant industries

b)

declining industries

c)

strategic industries

d)

dumping

13.

These are the old industries which are going out of business.

a)

infant industries

b)

declining industries

c)

strategic industries

d)

dumping

14.

These are the industries that are considered important for the survival or development of the country.

a)

infant industries

b)

declining industries

c)

strategic industries

d)

dumping

15.

It refers to selling products in a foreign market at a price below the cost of production.

a)

infant industries

b)

declining industries

c)

strategic industries

d)

dumping