placeholder image to represent content

EconSpiral

Quiz by Keith Bissell

Our brand new solo games combine with your quiz, on the same screen

Correct quiz answers unlock more play!

New Quizalize solo game modes
35 questions
Show answers
  • Q1
    What is a common type of trade barrier that places a tax on imported goods?
    quota
    embargo
    subsidy
    tariff
    30s
  • Q2
    Which trade barrier restricts the quantity of a particular good that can be imported?
    quota
    trade agreement
    tariff
    embargo
    30s
  • Q3
    What type of trade barrier completely prohibits the trade of certain goods with specific countries?
    quota
    subsidy
    tariff
    embargo
    30s
  • Q4
    Which of the following is NOT considered a trade barrier?
    quota
    free trade agreement
    embargo
    tariff
    30s
  • Q5
    What is the main effect of trade barriers on consumer prices?
    they stabilize prices
    they tend to increase consumer prices
    they decrease consumer prices
    they have no effect on prices
    30s
  • Q6
    What is an example of a trade barrier?
    Customer service standards
    Advertising regulation
    Currency exchange rate
    Tariff
    30s
  • Q7
    Which of the following is a non-tariff trade barrier?
    Shipping fees
    Import quotas
    Sales tax
    Import tariffs
    30s
  • Q8
    What is a primary purpose of trade barriers?
    To protect domestic industries
    To simplify international regulations
    To increase global trade
    To lower consumer prices
    30s
  • Q9
    What is the practice of providing financial assistance to local businesses to enhance their competitiveness?
    Embargo
    Tariff
    Quota
    Subsidy
    30s
  • Q10
    What is the purpose of a trade agreement?
    To create a single currency for trade
    To establish the rules of trade between countries
    To limit the number of products exported
    To prohibit imports from specific countries
    30s
  • Q11
    What is free trade?
    Trade that involves only agricultural products
    Trade that restricts imports and exports
    Trade between countries without restrictions or tariffs
    Trade that only occurs within a single country
    30s
  • Q12
    What does comparative advantage refer to?
    The ability to produce all goods efficiently
    The advantage of having more resources than another country
    The ability of a country to produce a good at a lower opportunity cost than another country
    The ability to import goods without tariffs
    30s
  • Q13
    What does the term 'balance of trade' refer to?
    The difference between a country's exports and imports
    The total value of a country's currency
    The number of trade agreements a country has
    The amount of foreign investments in a country
    30s
  • Q14
    What is the primary purpose of the Interstate Highway System?
    Creating bike paths across the country
    Providing scenic routes for tourism
    Facilitating national defense and commerce
    Reducing travel times for local commuting
    30s
  • Q15
    Which U.S. president is credited with the establishment of the Interstate Highway System?
    Lyndon B. Johnson
    Dwight D. Eisenhower
    John F. Kennedy
    Harry S. Truman
    30s

Teachers give this quiz to your class