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Quizzes //
Trade policies
Test your knowledge of trade policies and how they influence economic growth and extend overseas markets with this 14-question A level quiz.
If you haven't already done it, work through the unit on ‘Do trade policies matter?’ or look at it again to help fill in any gaps in your knowledge!
HIGH SCORES
| Rank | Name | Score |
|---|---|---|
| 1st | H-R | 28 |
| 2nd | F.Z | 28 |
| 3rd | TMJ | 28 |
| 4th | TMJ | 28 |
| 5th | JLA | 28 |
| 6th | BJs | 28 |
| 7th | BJs | 28 |
| 8th | GSO | 28 |
| 9th | E.P | 28 |
| 10th | ltx | 27 |
QUIZZES // Trade policies
Q1. What is a non-tariff barrier?
A control applied only to imported goods
Any measure applied to imports and exports which is not a financial tax
A tax applied to agricultural produce
An agreement on trading goods within a Free Trade Area
Q2. What is protectionism?
Support for countries with low GNI
Financial controls on exports from a country
Government subsidies applied to all parts of a country’s economy
A range of trade policies which restrict imports in particular sectors of a country’s economy
Q3. Which of these is an example of invisible trade?
Food processing industries
Transport industries
Research and intellectual property services
Imports of raw materials
Q4. What is comparative advantage?
Where something can be produced cheaper in one location than another
A government subsidy to reduce costs of imports
Where one product is of higher quality than another
Where goods are sold more cheaply overseas than at home
Q5. Which of these is NOT a reason for international trade?
To increase the income of governments through taxes
To increase the size of markets for a product
To increase access to affordable goods and services
To reduce the influence of nation states
Q6. The EU ban on imports of chlorinated chicken is an example of:
Anti-dumping measures
Phytosanitary regulations
Free trade
Quotas to control trade
Q7. Which of these organisations sets the rules for the system of world trade?
IMF
World Bank
WTO
UN Security Council
Q8. What are import substitution policies?
Policies that restrict exports
Policies that support free trade
Policies that encourage immigration
Policies that restrict imports
Q9. EU tariffs on imports aim to:
Protect EU producers
Limit the amount of a product which can be imported
Increase the competitiveness of EU exports
Reduce migration
Q10. Structural adjustment programmes (SAP) were imposed on low-income countries in order to:
Help them pay back debt to large private lenders and corporations
Establish a national minimum wage
Help them pay back their national debts to the IMF and international banks
Restrict foreign imports
Q11. Which of these is not a predominantly political reason for government intervention in an economy?
Protect jobs from unfair competition
Protect the environment
Protect consumer health
Encourage immigration
Q12. What is a trade war?
Where exported goods are protected by armed forces
Competition between different firms making the same goods
Disagreement between government and producers over import controls
When countries try to damage each other's trade
Q13. What is Fair Trade?
When producers engage in fair competition with each other
Producers are paid a fair price for their produce
There is fair competition between small producers and multi-national corporations
A guarantee of product quality
Q14. What is a free trade area?
A region where agricultural products are very cheap
A region where all governments impose similar trading tariffs
A region where there are no imports into it
A group of countries within which trade is conducted freely
Finished!
You scored this time. The more correct answers you give, and the fewer incorrect answers you guess, the better your score.
