WorksheetsInternational Trade
Total questions: 16
Worksheet time: 8mins
What is a tax paid on imports?
Tariff
Embargo
Subsidy
Quota
What is a limit on imports?
Export
Quota
Embargo
Subsidy
Goods and services produced in other countries and sold domestically.
import
export
Goods and services produced domestically and sold in other countries.
import
export
The policy of erecting trade barriers to shield domestic markets from foreign competition.
Free Trade
Protectionism
Trade Barriers
A ban on trade with a country or group of countries, usually for political reasons; a type of trade barrier.
Protective Tariff
Import Quota
Trade Embargo
VER
The value of one currency in terms of another.
Exchange Rate
Term Currency
Currency Term
A North American agreement formed to promote trade between Canada, the United States, and Mexico. Just renamed recently.
World Trade Organization
United Nations
World Bank
NAFTA-USMCA
The exchange of goods and services between countries is know as?
Domestic trade
International trade
Export
Commerce
Which of the following is a form of trade barrier?
Quota
Tarrif
Embargo
All of the above
When a government orders a complete ban on trade with another country, that is an example of a/an
embargo
non export
quota
tariff
Before goods enters a country they must meet a certain criteria. This is known as____________________
Subsidy
safe goods
Standards
non negotiable
In 2016, the United States limited the number of Japanese cars imported to 2 million per year. This is an example of a/an ___________________
Embargo
Tariff
Standard
Quota
The currency used by countries in the EU is the
Pound
Dollar
Euro
Franc
