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Government Involvement in International Trade - Round 1: True or False – Trade Facts.

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Government Involvement in International Trade - Round 1: True or False – Trade Facts.

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Judge statements as true or false. By: 10A

Created by

Tati Velez
Tati Velez
Panama

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Government Involvement in International Trade - Round 1: True or False – Trade Facts.
 

Government Involvement in International Trade - Round 1: True or False – Trade Facts.Online version

Judge statements as true or false. By: 10A

by Tati Velez
1

A trade deficit is when a nation imports more than it exports.

2

A 'revenue-producing tariff' is a tax on imports, but it is generally set low.

3

A quota is the most severe trade barrier, as it's a total ban on goods.

4

A trade deficit can lead to a nation becoming a 'debtor nation'.

5

The World Trade Organization (WTO) was created as the successor to an agreement called GATT.

6

NAFTA is the trade bloc for European countries.

7

Protectionism is a government strategy that uses trade barriers to protect domestic industries.

 
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