
Free Trade and Protection
Quiz
•
Business
•
12th Grade
•
Easy

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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