wayground logo

Free Printable Worksheets

NEW

Font size

S
M
L
XL
Worksheets

GOVERNMENT POLICY AND INTERNATIONAL TRADE

Total questions: 10

Worksheet time: 2mins

Name
Class
Date
1.

It is the oldest and simplest instrument of trade policy.

a)

Trade

b)

Policy

c)

Tariff

d)

Subsidy

2.

A government payment to a domestic producer, it comes with any forms including cash grants, low-interest loans, tax breaks, and government equity participation.

a)

Subsidy

b)

Tariff

c)

Quota

d)

Anti-dumping Duties

3.

GATT stands for:

a)

General Association on Tariffs and Trade

b)

General Assembly on Tariffs and Trade

c)

General Aggregate on Tariffs and Trade

d)

General Agreement on Tariffs and Trade

4.

This Development World Trading System was came after the originated country wherein GATT members embarked on their eighth round of negotiations to reduce tariffs.

a)

The Union of Soviet Socialist Republics Round

b)

The Ukraine Round

c)

The Uruguay Round

d)

The Uzbekistan Round

5.

These are the agreements between two (2) or more partners designed to capture gain from trade beyond those agreements currently attainable under WTO treaties.

a)

General Agreement on Trade in Services

b)

Multilateral and Bilateral Trade Agreements

c)

World Trade Organization Agreements

d)

General Agreement on Tariffs and Trade

6.

This instrument in Trade Policy is variously defined as selling goods in a foreign market at below their costs of production or as selling goods in a foreign market at below their “fair” market value.

a)

Protectionist Trends

b)

Voluntary Export Restraints

c)

Export Tariffs and Bans

d)

Anti-dumping Duties

7.

This instrument of Trade Policy is a tax placed on the export of a good. The goal behind this tariff is to discriminate against exporting to ensure that there is sufficient supply of a good within a country.

a)

Export Tariffs

b)

Import Quotas

c)

Local Content Requirements

d)

Subsidies

8.

Which of the following program was intended to help the transport sector/industry/group amid to fuel price hike?

a)

Pantawid Balik Pinas Program

b)

Pantawid Kalsada Program

c)

Pantawid Pamilyang Pilipino Program

d)

Pantawid Pasada Program

9.

This instrument in Trade Policy is a policy that partially or entirely restricts the export of a good.

a)

Import Ban

b)

Export Ban

c)

Import Tariff Ban

d)

Export Tariff Ban

10.

This policies are bureaucratic rules designed to make it difficult for imports to enter a country.

a)

WTO Policies

b)

Corporate Policies

c)

Administrative Policies

d)

Organizational Policies