#1
Which of the following is an example of a tariff?
Quota
Embargo
Import tax
Subsidy
#2
What is the purpose of a trade barrier?
To encourage international trade
To facilitate the movement of goods
To restrict trade between nations
To reduce government revenue
#3
Which organization facilitates negotiations on international trade agreements?
United Nations (UN)
International Monetary Fund (IMF)
World Trade Organization (WTO)
World Bank
#4
What is the main goal of a free trade agreement?
To increase trade barriers
To restrict imports
To promote trade by reducing tariffs and other barriers
To limit exports
#5
Which of the following trade policies is aimed at protecting domestic industries from foreign competition?
Free trade agreement
Trade liberalization
Protectionism
Export-oriented policies
#6
What is the primary objective of a trade embargo?
To increase trade volume
To promote international cooperation
To restrict trade with a specific country
To lower import tariffs
#7
Which of the following is a non-tariff barrier to trade?
Export subsidies
Quotas
Import taxes
Voluntary export restraints
#8
What is the purpose of an embargo in international trade?
To encourage imports
To reduce government revenue
To restrict trade with a specific country
To eliminate trade barriers
#9
Which of the following is an example of a subsidy?
Export tax
Quota
Import tariff
Government grants to domestic producers
#10
What is the primary purpose of trade negotiations between countries?
To increase trade barriers
To reduce government revenue
To resolve trade disputes and establish trade rules
To decrease market competition
#11
Which of the following is a trade barrier that restricts the quantity of a specific good that can be imported?
Tariff
Quota
Dumping
Subsidy
#12
What is the purpose of a voluntary export restraint (VER) in international trade?
To encourage exports
To discourage imports
To eliminate trade barriers
To promote competition
#13
What is a dumping practice in international trade?
Exporting goods at a price lower than the domestic market
Implementing import quotas
Imposing tariffs on imported goods
Encouraging foreign investment
#14
What is the term for a situation where a country imports more than it exports?
Trade surplus
Trade deficit
Balance of payments
Current account surplus
#15
Which of the following trade policies aims to increase the competitiveness of domestic industries in global markets?
Import substitution
Outward-oriented policies
Trade liberalization
Dumping
#16
What is the term for the act of selling goods in a foreign market at a price lower than the price in the domestic market or below production cost?
Export tax
Quota
Dumping
Embargo
#17
Which of the following is a trade barrier that involves placing a complete halt on trade with a particular country or countries?
Tariff
Quota
Embargo
Subsidy