International Trade Quiz

Yes or No

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About this activity

Responde Sí o No sobre comercio internacional.

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montse

Panama

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1	montse November 14, 2025	% 69	01:17

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International Trade Quiz


International Trade QuizOnline version Responde Sí o No sobre comercio internacional. by montse 1 The main purpose of a "protective" tariff is to increase the price of imported goods so that domestic products can compete with them. Yes No 2 A tariff (or duty) is a tax on exports. Yes No 3 Limit the amount or monetary value. Japan voluntarily placed quotas on its auto exports to the United States in the 1980s to improve trade relations. Yes No 4 An embargo is a total prohibition on the entry or exit of specific goods from a country. Yes No 5 A quota limits the quantity, but not the monetary value, of a product that can be imported. Yes No 6 A cycle of tariffs or quotas followed by retaliation by the other country can result in what experts call a "trade war." Yes No 7 The EU replaced all national currencies with the euro in 1980. Yes No 8 Critics of the WTO raise concerns about democracy, labor rights and the environment. Yes No 9 NAFTA's goal was to eliminate all trade barriers and restrictions on investment between Canada, Mexico and the United States by 2009. Yes No 10 The WTO deals exclusively with agricultural products and not with services or investments. Yes No 11 The WTO has strong enforcement power and no need for cooperation from member countries. Yes No 12 NAFTA created high tariffs between Canada and the United States to protect domestic industries. Yes No 13 La Organización Mundial del Comercio (WTO) fue formada en 1995 como sucesora del GATT para regular el comercio internacional. Yes No 14 The European Union (EU) is Europa's trading bloc and, according to the 1992 Maastricht Treaty, a single currency, the euro, and a central bank were created. Yes No 15 The Maastricht Treaty created several European currencies instead of a single currency. Yes No 16 NAFTA eliminated tariffs on goods brought between Mexico and the United States. Yes No

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International Trade Quiz

Yes or No

About this activity

Created by

Download the paper version to play

Top Games

Yes or No

Is it true?

Yes or No

Foot and Ankle Anatomy Quiz

Yes or No

Adjective Checker

Yes or No

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Yes or No

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International Trade QuizOnline version

by montse

The main purpose of a "protective" tariff is to increase the price of imported goods so that domestic products can compete with them.

A tariff (or duty) is a tax on exports.

Limit the amount or monetary value. Japan voluntarily placed quotas on its auto exports to the United States in the 1980s to improve trade relations.

An embargo is a total prohibition on the entry or exit of specific goods from a country.

A quota limits the quantity, but not the monetary value, of a product that can be imported.

A cycle of tariffs or quotas followed by retaliation by the other country can result in what experts call a "trade war."

The EU replaced all national currencies with the euro in 1980.

Critics of the WTO raise concerns about democracy, labor rights and the environment.

NAFTA's goal was to eliminate all trade barriers and restrictions on investment between Canada, Mexico and the United States by 2009.

The WTO deals exclusively with agricultural products and not with services or investments.

The WTO has strong enforcement power and no need for cooperation from member countries.

NAFTA created high tariffs between Canada and the United States to protect domestic industries.

La Organización Mundial del Comercio (WTO) fue formada en 1995 como sucesora del GATT para regular el comercio internacional.

The European Union (EU) is Europa's trading bloc and, according to the 1992 Maastricht Treaty, a single currency, the euro, and a central bank were created.

The Maastricht Treaty created several European currencies instead of a single currency.

NAFTA eliminated tariffs on goods brought between Mexico and the United States.