A Level - Free Trade & Protectionism

A Level - Free Trade & Protectionism

11th - 12th Grade

15 Qs

quiz-placeholder

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A Level - Free Trade & Protectionism

A Level - Free Trade & Protectionism

Assessment

Quiz

Social Studies

11th - 12th Grade

Practice Problem

Medium

Created by

Krisna Mukti Wibowo

Used 15+ times

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15 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

What is a potential benefit of free trade?

More employment in sunrise industries

Specialization in commodity production

Less unemployment in sunset industries

Access to goods that are not produced in the domestic market

2.

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

Media Image

With free trade, prices will ...

Increase from P1 to P

Decrease from P to P1

Stay at P

Not change

3.

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

Media Image

With free trade, quantity consumed will ...

Decrease from Q to Q2

Increase from Q to Q1

Decrease from Q1 to Q2

Stay at Q

4.

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

Media Image

With free trade, local production will ...

Decrease from Q to Q2

Increase from Q to Q1

Decrease from Q1 to Q2

Stay at Q

5.

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

Media Image

With free trade, quantity imported will be ...,

Q-Q1

Q-Q2

Q2-Q1

Zero

6.

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

Agreement that will eliminate all tariffs and other trade barriers between Canada, Mexico, and the USA.

EU

NAFTA

ASEAN

APEC

7.

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

The use of trade barriers to protect a nation’s industries from foreign competition.

Balance of payment

Free trade agreement

Specialization

Protectionism

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