WorksheetsGr.9 - 37 Free Trade and Protection
Total questions: 15
Worksheet time: 11mins
It is the process by which the world is becoming increasingly interconnected through trade links.
Free Trade
Protection
Globalisation
Multinational Corporation
It is an organisation that operates in two or more countries.
Free Trade
Protection
Globalisation
Multinational Corporation
It means that international trade takes place without protectionist measures.
Free Trade
Protection
Globalisation
Multinational Corporation
It refers to the use of trade barriers to restrain foreign trade, thereby limiting overseas competition.
Free Trade
Protection
Globalisation
Multinational Corporation
It refers to the exchange of goods and services beyond national borders.
Free Trade
Protection
Globalisation
International Trade
It is the tax on imports which increases production costs for foreign firms.
tariff
import quota
subsidy
embargo
It is the quantitative limit on the sale of a foreign good.
tariff
import quota
subsidy
embargo
It is a form of government financial assistance to help cut production costs of domestic firms, enabling them to compete against foreign producers.
tariff
import quota
subsidy
embargo
It is a ban on trade with a certain country.
tariff
import quota
subsidy
embargo
It is the limit on the amount of foreign currency that can be obtained.
tariff
import quota
exchange control
embargo
it is the agreement with other governments to restrict export to the the country.
embargo
import quota
exchange control
voluntary export restraints
These are the new industries with relatively low output and high cost.
infant industries
declining industries
strategic industries
dumping
These are the old industries which are going out of business.
infant industries
declining industries
strategic industries
dumping
These are the industries that are considered important for the survival or development of the country.
infant industries
declining industries
strategic industries
dumping
It refers to selling products in a foreign market at a price below the cost of production.
infant industries
declining industries
strategic industries
dumping
