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IT3: Barriers to trade

Last updated about 6 years ago

5 questions

1

1

1

1

1

Question 1

1.

Which of the following is NOT a barrier to trade?

Embargo

Tariff

Quota

ASEAN

Question 2

2.

Which of the following represents a tax placed on imported goods?

Dumping

Quota

Tariff

Standards

Question 3

3.

The U.S. government places new requirements on all toys entering the country. What kind of trade barrier is this?

Tariff

Quota

Export subsidy

Standards

Question 4

4.

U.S. trade barriers on imported goods are primarily meant to protect which group(s)?

U.S. consumers and U.S. producers

U.S. consumers and foreign producers

Foreign producers and their workers

U.S. producers and their workers

Question 5

5.

A complete restriction on trade with another country is called

Embargo

Standards

Export subsidy

Quota