Government Involvement in International Trade

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Government Involvement in International Trade

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Panamá

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Government Involvement in International Trade


Government Involvement in International TradeVersión en línea Government Involvement in International Trade por cris 1 What is a trade surplus? a When trade is restricted by tariffs b When a nation imports more than it exports c When a nation exports more than it imports d Trade is balanced 2 Which organization succeeded GATT? a European Union b NAFTA c WTO d IMF 3 What is a protective tariff designed to do? a Ban all foreign trade b Reduce government revenue c Lower import quotas d Increase the price of imported goods to help domestic products 4 Which country does the U.S. have a large textile trade deficit with? a China b Canada c Japan d Mexico 5 What did the Maastricht Treaty create? a A single European currency without union b The WTO c The European Union and the euro d NAFTA 6 One negative consequence of a trade deficit mentioned in the text? a Increased unemployment b Lower domestic consumption c Increased government revenue d Decreased foreign investment 7 What was the main purpose of the General Agreement on Tariffs and Trade (GATT)? a To impose trade embargoes for political reasons b To create a single European currency c To subsidize domestic industries d To open markets and promote global free trade 8 In what year did NAFTA go into effect? a 1994 b 1989 c 1992 d 1995 9 Which of the following is an example of an embargo for health reasons from the text? a U.S. embargo on Cuban goods b U.S. embargo on Vietnam c China’s embargo on U.S. beef due to Mad Cow disease d Japan’s quota on auto exports to the U.S. 10 What is a quota designed to limit? a The number of countries allowed to trade b The amount of tariffs collected c The price of imported goods d The quantity or monetary value of a product that may be imported

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Government Involvement in International TradeVersión en línea

por cris

What is a trade surplus?

Which organization succeeded GATT?

What is a protective tariff designed to do?

Which country does the U.S. have a large textile trade deficit with?

What did the Maastricht Treaty create?

One negative consequence of a trade deficit mentioned in the text?

What was the main purpose of the General Agreement on Tariffs and Trade (GATT)?

In what year did NAFTA go into effect?

Which of the following is an example of an embargo for health reasons from the text?

What is a quota designed to limit?