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Froggy Jumps
Froggy Jumps

Intro to International Trade

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Intro to International Trade

Froggy Jumps

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About this activity

Trade basics quiz

Created by

DaneyDane
DaneyDane
Trinidad and Tobago

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Intro to International Trade
 

Froggy Jumps

Intro to International TradeOnline version

Trade basics quiz

by DaneyDane
1

Its overriding objective is to help trade flow smoothly, freely, and predictably

2

Which policy uses taxes on imports to protect domestic industries?

3

A fixed limit on the number of goods that can be imported is called a ...

4

One that doesn’t engage in International Trade

5

One that does engage in International Trade

6

Policy of imposing no restrictions on the movement of products internationally

7

Refers to government actions and policies that restrict or restrain international trade

8

Protects infant-industries Job protection arguments Raises government revenue

9

Which organization administers most global trade rules?

10

A trade deficit occurs when imports exceed exports.

11

This is the exchange of capital, goods and or services across international boundaries.

12

Tariffs ____(increase/decrease) the price of imports and exports

13

The ____ (increased/decreased) prices would decrease aggregate demand for imports

14

The decreased aggregate demand for imports would ____(increase/decrease) the production of local substitute goods

15

Non-essentials imports can be reduced by imposing _____ (high/low) tariffs

 
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