Multiple Choice Questions

a subsidy on domestic oranges
  • Which type of trade barrier is explicitly used for political purposes?
  • Which of these is a positive incentive for domestic producers?
  • What is the government's aim in setting quotas?
  • Which best describes how standards help domestic producers?
Standards require goods to meet basic requirements.
  • Which best describes how standards help domestic producers?
  • Which of these is a positive incentive for domestic producers?
  • Which best describe why countries establish limits on trade? Check all that apply.
  • How do embargoes most negatively affect a domestic market?
Cuba
  • Which of these is a positive incentive for domestic producers?
  • What term describes a ban or restriction on trade with another country?
  • Which type of trade barrier is explicitly used for political purposes?
  • On which country has the United States imposed an embargo since 1960?
to increase sales of domestic goods
  • Which of these is a positive incentive for domestic producers?
  • What is the government's aim in setting quotas?
  • What do quotas and embargoes have in common?
  • Customs duty on cars produced overseas is a type of
How are subsidies similar to tariffs?
  • Both are types of taxes.
  • Both aim to lower the price of domestic goods.
  • Both try to raise the price of imported goods.
  • Both aim to disadvantage imports.
On which country has the United States imposed an embargo since 1960?
  • Cuba
  • Iran
  • North Korea
  • Syria
What is the government's aim in setting quotas?
  • to create more competition in the market
  • to increase sales of domestic goods
  • to keep tariffs high
  • to limit export of domestic goods
Which best describes how standards help domestic producers?
  • Standards require goods to meet basic requirements.
  • Standards provide financial support for producers.
  • Standards restrict the import of cheap goods.
  • Standards offer incentives to ensure high quality.
Customs duty on cars produced overseas is a type of
  • positive incentive and subsidy.
  • negative incentive and subsidy.
  • positive incentive and tariff.
  • negative incentive and tariff.
What term describes a ban or restriction on trade with another country?
  • They make the action less profitable.
  • efficiently.
  • person.
  • embargo
negative incentive and tariff.
  • Customs duty on cars produced overseas is a type of
  • What is the government's aim in setting quotas?
  • What do quotas and embargoes have in common?
  • Which of these is a positive incentive for domestic producers?
incentives
  • Customs duty on cars produced overseas is a type of
  • What is the government's aim in setting quotas?
  • How are subsidies similar to tariffs?
  • Tariffs and subsidies are both types of
producers
  • Which group directly benefits from subsidies?
  • Who ultimately pays for tariffs, consumers or producers?
  • Tariffs and subsidies are both types of
  • Which type of trade barrier is explicitly used for political purposes?
positive
  • Which best describe why countries establish limits on trade? Check all that apply.
  • Which type of trade barrier is explicitly used for political purposes?
  • What term describes a ban or restriction on trade with another country?
  • Which type of incentive makes it more profitable to follow a certain course of action?
embargo
  • What term describes a ban or restriction on trade with another country?
  • Which best describe why countries establish limits on trade? Check all that apply.
  • Which type of trade barrier is explicitly used for political purposes?
  • On which country has the United States imposed an embargo since 1960?
by depriving domestic producers of needed goods, restricting their ability to trade
  • How do embargoes most negatively affect a domestic market?
  • Which of these is a positive incentive for domestic producers?
  • Which best describe why countries establish limits on trade? Check all that apply.
  • Which best describes how standards help domestic producers?
to restrict foreign influence in a sectorto restrict importation of a foreign good
  • Which of these is a positive incentive for domestic producers?
  • Which type of incentive makes it more profitable to follow a certain course of action?
  • Which best describes how standards help domestic producers?
  • Which best describe why countries establish limits on trade? Check all that apply.
Both aim to disadvantage imports.
  • What is the government's aim in setting quotas?
  • How do quotas help domestic producers?
  • What do quotas and embargoes have in common?
  • How are subsidies similar to tariffs?
consumers
  • Which group directly benefits from subsidies?
  • Which type of trade barrier is explicitly used for political purposes?
  • Which of these is a positive incentive for domestic producers?
  • Who ultimately pays for tariffs, consumers or producers?
They act as trade barriers.
  • What is the government's aim in setting quotas?
  • What purpose do financial incentives serve?
  • How are subsidies similar to tariffs?
  • What do quotas and embargoes have in common?
They both set limits on imported goods.
  • How do quotas help domestic producers?
  • Which best describes what a subsidy does?
  • What do quotas and embargoes have in common?
  • What is the purpose of quotas?
Quotas facilitate the sale of more domestic goods.
  • What is the purpose of quotas?
  • Which best describes what a subsidy does?
  • What do quotas and embargoes have in common?
  • How do quotas help domestic producers?
It keeps the price of domestic goods relatively low.
  • Which best describes what a subsidy does?
  • Which best describes how standards help domestic producers?
  • Which best describes the standards required of foreign producers?
  • What do quotas and embargoes have in common?
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Multiple Choice Questions
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