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Multiple Choice Quiz
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1
When governments intervene in international trade they often:
A)restricting the imports of goods.
B)restricting the imports of services.
C)adopt policies that promote exports.
D)protect domestic producers and jobs from foreign competition.
E)all of these answers are correct.
2
Usually when a tariff is applied by a government to protect their domestic industry it has the consequence of:
A)raising the cost of imported products.
B)raising the cost of exported products
C)lowering the cost of imported products.
D)lowering the cost of exported products.
E)all of these answers are correct.
3
In 2003, the U.S. government considered bills that would:
A)raise Canadian duties on Canadian softwood lumber.
B)lower Canadian duties on Canadian softwood lumber.
C)raise U.S. duties on Canadian softwood lumber.
D)lower U.S. duties on Canadian softwood lumber.
E)lower U.S. subsidies on Canadian softwood lumber.
4
A subsidy is a government payment:
A)to a domestic producer.
B)to a domestic importer.
C)to a foreign exporter.
D)to a foreign producer.
E)to a domestic agent.
5
A VER, Voluntary Export Restraint, is a:
A)tax on the quantity of imports into a country.
B)restriction on the quantity of imports into a country.
C)restriction on the quality of imports into a country.
D)increased restriction on the quantity of exports into another country.
E)quota on trade imposed by the exporting country.
6
An import quota is a:
A)tax on the quantity of imports into a country.
B)restriction on the quantity of imports into a country.
C)restriction on the quality of imports into a country.
D)increased restriction on the quantity of exports into another country.
E)quota on trade imposed by the exporting country.





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