Trade & Tariff Basics Quiz

Froggy Jumps

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Test your knowledge of trade essentials.

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Kamila Perez

Panamá

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Trade & Tariff Basics Quiz


Froggy Jumps Trade & Tariff Basics QuizVersión en línea Test your knowledge of trade essentials. por Kamila Perez 1 What is a tariff? a A type of international loan b A limit on exported goods c A tax on imported goods 2 When does a trade deficit occur? a When a country imports more than it exports b When a country exports more than it imports c When a country stops trading completely 3 What is a quota? a A document needed to travel internationally b A tax that lowers the price of foreign goods c A limit on the quantity of goods that can be imported 4 What is an embargo? a A total ban on importing or exporting certain goods b A type of trade agreement c A discount on imported products 5 What is protectionism? a A system for tracking tourist activity b Policies that restrict imports to protect domestic industries c Policies that encourage free trade with all countries 6 What does the World Trade Organization (WTO) do? a Controls the value of all world currencies b Regulates international trade and settles disputes c Creates new products for global companies 7 What is the main goal of NAFTA? a To eliminate trade barriers between the U.S., Mexico, and Canada b To create a single North American army c To replace all three countries’ presidents 8 Which country has had a long-standing trade embargo with the United States since 1960? a Brazil b Cuba c France 9 What is the balance of trade? a The difference between a country’s exports and imports b The total amount of money in a country’s banks c The number of products a country produces in a year 10 What is a trade surplus? a When a country bans all imports b When a country only produces services c When a country exports more than it imports

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Trade & Tariff Basics Quiz

Froggy Jumps

Sobre esta actividad

Creada por

Descarga la versión para jugar en papel

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Froggy Jumps

Trade & Tariff Basics QuizVersión en línea

por Kamila Perez

What is a tariff?

When does a trade deficit occur?

What is a quota?

What is an embargo?

What is protectionism?

What does the World Trade Organization (WTO) do?

What is the main goal of NAFTA?

Which country has had a long-standing trade embargo with the United States since 1960?

What is the balance of trade?

What is a trade surplus?