WorksheetsTrade
Total questions: 15
Worksheet time: 15mins
This trade barrier limits the number of products that can be brought into a country.
Tariff
Quota
Embargo
Subsidy
This is a tax on imports that is used to increase price of foreign products and raise government revenue.
tariff
quota
subsidy
embargo
This is the most restrictive of the trade restrictions a nation can use to close off all importation of a product.
tariff
quota
subsidy
embargo
If nations limit trade in of clothing who will benefit?
Domestic Consumers of clothing
Domestic producers of clothing
Foreign Producers of clothing
department stores who sell clothing
Not trading with nations who create products using child labor is used in the argument for
Domestic Jobs
National Defense
Human Rights
Environment
A major cost of freer trade from poor nations is that they will
get cheaper stuff
they will get more stuff
environmental damage
greater variety of stuff
The main justification for an embargo on foreign goods is to
Punish a nation
raise revenue
Increase consumption or the good
Underdeveloped nations tend to trade what type of goods
Low skill products
High tech goods
finished products
High skill products
Tires made in Tennessee factories are used on cars in Europe.
import
export
Chairs made in North Carolina are flown to Mexico.
import
export
A means of preventing a foreign product or service from freely entering a nation's territory.
trade surplus
trade embargo
trade barriers
The policy of imposing duties or quotas on imports in order to protect home industries from overseas competition.
free trade
protectionism
balance of trade
What is the primary purpose of a tariff in international trade?
To increase government revenue
To limit the quantity of imports
To promote free trade
To subsidize domestic industries
Which of the following is a non-tariff barrier to trade?
Subsidy
Quota
Tariff
Exchange rate
What is the term for a situation where a country exports more than it imports?
Trade deficit
Trade surplus
Balance of trade
Trade embargo
