
International Trade Quiz
Quiz
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Business
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University
•
Medium
Asia Wisdom
Used 1+ times
FREE Resource
10 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
3 types of trade barriers include:
embargo, race, ethnicity
tariffs, quotas, embargo
WTO, IMF, ICC
tariff, blocs, trade
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The longest running embargo is?
Russia's embargo on the US
The US embargo on Cuba
Cuba's embargo on Italy
Jamaica's embargo on Australia
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Agreements between two countries are known as?
Multilateral
Tariffs
Bilateral
Free Trade Agreement
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Canada placed a tariff on the following countries for importing steel and aluminium: EU, China and United States
true
false
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What best defines trading blocs?
Agreement between different governments around the world
Import and Export between countries
Persuasion of trade between countries by the removal of trade barriers
two countries coming together as one
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the name of the trade bloc established in the Caribbean?
FTA
CARIBANA
CARIFTA
Treaty of Chaguaramas
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
FTA, common Markets, Economic Union and Customs Union are types of trading blocs
true
false
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