Vocab #9
Authored by Kristy Mask
Social Studies
12th Grade
Used 1+ times
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20 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the purpose of protectionism in international trade?
To increase exports
To limit international trade to protect domestic firms and jobs
To promote free trade
To reduce tariffs
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What are trade barriers?
Policies that promote free trade
Policies that limit the amount of foreign trade a country carries on
Taxes on exports
Legal limits on domestic production
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is a tariff?
A subsidy for domestic firms
A tax on imports
A legal limit on exports
A free trade agreement
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is a quota in the context of international trade?
A tax on exports
A legal limit on the number of goods imported
A government payment to firms
A free trade agreement
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is a subsidy?
A tax on imports
A government payment to firms to make them more competitive
A legal limit on exports
A free trade agreement
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is free trade?
Trade with high tariffs
International trade with little or no trade restrictions
Trade with quotas
Trade with subsidies
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What does the balance of trade represent?
Exports plus imports
Exports minus imports
Imports minus exports
Imports plus exports
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