Free trade and Protection
Quiz by Kavitha N V PSGRKCW
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- Q1
Whichof the following best describes free trade
Trade with high tariffs and restrictions
1. Trade without any government intervention
Trade without any government intervention
Trade with limited competition
30s - Q2
Whatis the main goal of protectionist policies?
To protect domestic industries
To encourage foreign investment
To eliminate trade barriers
To promote international trade
30s - Q3
Which of the following is an example of a protectionist measure?
Tariffs on imported goods
Elimination of import quotas
Free trade agreements
Foreign direct investment
30s - Q4
Which of the following is a potential benefit of free trade?
Higher prices for imported goods
Reduced variety of goods available to consumers
Job creation in domestic industries
Increased global economic growth
30s - Q5
Which of the following is a potential drawback of protectionist policies?
Enhanced economic stability
Promotion of foreign investment
Increased global economic integration
Reduced consumer choices
30s