Free Trade and Protection

Free Trade and Protection

12th Grade

13 Qs

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Free Trade and Protection

Free Trade and Protection

Assessment

Quiz

Business

12th Grade

Easy

Created by

Elizabeth Walsh

Used 2+ times

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13 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following is an argument in favor of protectionist policies?

Encouraging international competition

Protecting infant industries

Increasing consumer choice

Reducing government intervention

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is a primary argument against tariffs in international trade?

They increase government revenue

They can lead to trade wars

They promote job creation

They reduce production costs

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

How does free trade benefit consumers?

It increases domestic production

It raises the prices of imported goods

It leads to greater choice and lower prices

It limits competition from foreign firms

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A quota is used in international trade to:

Promote free trade

Limit the quantity of imports

Increase the variety of imported goods

Lower domestic prices

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following is an argument against protectionist policies?

It can cause inefficiency in domestic industries

It allows domestic industries to compete with foreign firms

It increases government revenue through tariffs

It limits foreign dependence on goods

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the main goal of protectionism in trade?

To increase global cooperation

To protect domestic jobs

To lower prices of foreign goods

To promote technological innovation

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Free trade is often supported because it:

Increases barriers to entry for new firms

Encourages innovation through competition

Protects national security

Reduces domestic employment

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