Global Trade Quiz

Froggy Jumps

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Test your knowledge of trade policies.

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Ana Liha Gordon Mena

Panama

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Global Trade Quiz


Froggy Jumps Global Trade QuizVersion en ligne Test your knowledge of trade policies. par Ana Liha Gordon Mena 1 What is the main function of U.S. customs officials? a To inspect and review goods entering the country b To guarantee that U.S. products are sold abroad c To set prices for all imported products 2 What happens when a country exports more than it imports? a It has no trade balance b It has a trade deficit c It has a trade surplus 3 One possible consequence of a trade deficit is: a An automatic rise in exports b An increase in unemployment c A decrease in unemployment 4 What is the purpose of a protective tariff? a To reduce the price of imported goods b To promote exports from other countries c To raise the price of imports to protect domestic industries 5 What does an import quota do? a Automatically increases exports b Totally bans a product c Limits the quantity or value of a product that can be imported 6 What is an embargo? a A total ban on importing or exporting certain goods b A tax on exports c A partial limit on imports 7 What is protectionism? a A policy to lower global prices b A policy that restricts imports to protect domestic industries c A policy that eliminates all regulations 8 Why was the World Trade Organization (WTO) created? a To enforce trade rules and settle disputes b To organize international trade fairs c To establish a global currency 9 Which countries are part of NAFTA? a The United States, Canada, and Mexico b Canada, Mexico, and Spain c The United States, Brazil, and Mexico 10 What did the Maastricht Treaty create in 1992? a The World Trade Organization b The European Union and a common currency (the euro) c The United Nations and new security rules

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Global Trade Quiz

Froggy Jumps

À propos de cette activité

Créé par

Téléchargez la version pour jouer sur papier

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Global Trade QuizVersion en ligne

par Ana Liha Gordon Mena

What is the main function of U.S. customs officials?

What happens when a country exports more than it imports?

One possible consequence of a trade deficit is:

What is the purpose of a protective tariff?

What does an import quota do?

What is an embargo?

What is protectionism?

Why was the World Trade Organization (WTO) created?

Which countries are part of NAFTA?

What did the Maastricht Treaty create in 1992?