Trade Barriers
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10 QuestionsShow answers
  • Question 1
    30 seconds
    Q.

    Goods and services a country produces and sells to other countries

    answer choices

    imports

    exports

    demand

    supply

  • Question 2
    30 seconds
    Q.

    Goods and services brought in from other countries

    answer choices

    supply

    exports

    imports

    tariff

  • Question 3
    30 seconds
    Q.

    A tax on imports

    answer choices

    tariff

    import tax

    supply

    embargo

  • Question 4
    30 seconds
    Q.

    A limit to the number of imports that may enter a country

    answer choices

    tariff

    embargo

    demand

    quota

  • Question 5
    30 seconds
    Q.

    A government order stopping trade with another country

    answer choices

    tariff

    embargo

    quota

  • Question 6
    30 seconds
    Q.

    Rules used to try to limit trade with other countries

    answer choices

    embargo

    tariff

    trade barriers

    quota

  • Question 7
    30 seconds
    Q.

    Which is an example of a quota?

    answer choices

    The U.S. stops trade with China.

    The U.S. limits the amount of foreign cars brought into our country.

    The U.S. pays a high tax on BMW cars brought into the country.

  • Question 8
    30 seconds
    Q.

    Which is an example of a trade barrier?

    answer choices

    Japan is allowed to send as many electronic products to the U.S. as they want.

    The U.S. freely trades with other countries with no restrictions.

    A high tax is placed on all diamonds received from Africa.

  • Question 9
    30 seconds
    Q.

    Choose an example of an embargo

    answer choices

    The U.S. government stops all trade with China.

    Canada and the U.S. have no restrictions on trade.

  • Question 10
    30 seconds
    Q.

    The price of one nation’s currency in terms of another nation’s currency

    answer choices

    tariff

    embargo

    quota

    exchange rate

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