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Trade & Trade Barriers

Quiz by Meghan Wiggins

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18 questions
Show answers
  • Q1
    Example: A tax of 15% makes jewelry from Mexico more expensive than jewelry made in the United States.
    Tariff
    30s
  • Q2
    Example: The U.S. president increased the amount of imported peanuts allowed into the country by 100 million pounds per year.
    Quota
    30s
  • Q3
    Example: In 1963, President Kennedy issued sanctions, which prohibited all trade with Cuba.
    Embargo
    30s
  • Q4
    Example: In 2010, China announced that it would impose an import tax on American poultry of up 105.4 percent.
    Tariff
    30s
  • Q5
    Example: In 1996, the US taxed imported grapes, ceramic tableware, and motorcycles.
    Tariff
    30s
  • Q6
    Example: In 2005, the United States limited the imports of Chinese textiles to 7.5% a year.
    Quota
    30s
  • Q7
    Example: In 1990, the Japanese Government announced it would extend its voluntary limit on automobile exports to the United States.
    Quota
    30s
  • Q8
    Example: In 2012, the United States Commerce Department announced that it would impose a tax ranging from 2.9% to 4.7% on Chinese made solar panels.
    Tariff
    30s
  • Q9
    Example: In 2006, the United Nations Security Council unanimously adopted a resolution to restrict the export to and the import from Iran on certain items and technology potentially related to nuclear weapons.
    Embargo
    30s
  • Q10
    The price of imported goods
    Tariff Cost
    30s
  • Q11
    See image
    is higher for domestic consumers.
    30s
  • Q12
    They protect homeland industries from
    Tariff, Quota, & Embargo Benefit
    30s
  • Q13
    See image
    competition.
    30s
  • Q14
    They protects jobs.
    Tariff, Quota, & Embargo Benefit
    30s
  • Q15
    Can increase a countries Gross Domestic Product.
    Tariff, Quota, & Embargo Benefit
    30s

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