jump to content of this page Bized logo linked to homepage
You are here: Home > Learning Materials > Economics > Question Bank > International Economics: Protectionism

Learning Materials
Bookmark and Share

Advanced

Resources

Use the drop down boxes below to find resources related to this page.

Definitions:


Question Bank - Economics

International Economics: Protectionism

Q1. The term tariff, as used in international trade, refers to

(Select one answer)

(a) * a limit on the quantity of a good that can be imported into a country.
(b) * the price of goods when they leave the producing country
(c) * a government payment to encourage exports.
(d) * a tax on imports.

Source: Pearson logo

Q2. Non-tariff barriers are

(Select one answer)

(a) * artificial differences in prices caused by import duties
(b) * differences in national regulations which present free trade
(c) * import duties
(d) * none of the above

Source: McGraw Hill logo

Q3. A tariff is

(Select one answer)

(a) * a payment to domestic producers to help them compete in international markets
(b) * a mechanism for setting an absolute level on the number of units of a good that can be imported
(c) * a tax on a product being exported
(d) * a tax on a product being imported

Source: McGraw Hill logo

Q4. The main advantage of quotas as compared to tariffs in the view of policymakers is

(Select one answer)

(a) * quotas are easier to get passed in Parliament
(b) * quotas remove the uncertainty about the quantity of imports
(c) * quotas have the strong support of economists
(d) * quotas are less expensive to administer

Source: McGraw Hill logo

Q5. If a group of countries abolish trade barriers between them and set the same tariffs on goods coming in from other countries they are a

(Select one answer)

(a) * common market
(b) * customs union
(c) * federation
(d) * free trade area

Source: Pearson logo

Q6. Dumping occurs when UK goods are sold for __________ overseas than _______________

(Select one answer)

(a) * more, their UK cost of production
(b) * less, their UK cost of production
(c) * more. their UK price
(d) * less, their UK price

Source: Pearson logo

Click to view your total score for all the above questions that you have attempted.

Contents | Previous | Next