Skip to content

Dashboard 📚
LOGOUT 👀

Dashboard 📚
LOGOUT 👀

Globalisation, Free Trade & Protection

By Mumba / November 20, 2023

Economics QUIZZES on international trade and globalisation Globalisation, Free Trade & Protection

Time limit: 0

Quiz Summary

0 of 9 Questions completed

Questions:

Information

You have already completed the quiz before. Hence you can not start it again.

Quiz is loading…

You must sign in or sign up to start the quiz.

You must first complete the following:

Results

Quiz complete. Results are being recorded.

Results

0 of 9 Questions answered correctly

Your time:

Time has elapsed

You have reached 0 of 0 point(s), (0)

Earned Point(s): 0 of 0, (0)
0 Essay(s) Pending (Possible Point(s): 0)

Categories

Not categorized 0%

1
2
3
4
5
6
7
8
9

Current
Review
Answered
Correct
Incorrect

Question 1 of 9

1. Question
The US government decides to reduce the size of the quota on a good it buys from China.What is likely to happen?
- A. The good will become cheaper in the US.
- B. The US balance of trade will worsen.
- C. The US government’s revenue will decline.
- D. There will be less of the good imported into the US.
Correct

Incorrect
Question 2 of 9

2. Question
In 2013,theEuropean Union (EU) levied a 48% tariff on low priced Chinese solar panels because the low price was the result of subsidies from the Chinese government. Which argument for protectionism was the EU using?
- A.the anti-dumping argument
- B.the infant industry argument
- C.the strategic industry argument
- D.the sunset industry argument
Correct

Incorrect
Question 3 of 9

3. Question
- A.to encourage imports of processed products into the EU
- B.to encourage tropical countries’ exports
- C.to help manufacturing industries in the EU
- D.to help tropical countries develop manufacturing industries
Correct

Incorrect
Question 4 of 9

4. Question
Which combination of government policies is most likely to increase the rate of growth of domestic production in an
economy?
- A.an increase in expenditure on infrastructure and an increase in in come tax
- B.an increase in interest rates and an increase in quotas on imported goods
- C.an increase in sales tax and an increase in education expenditure
- D.an increasein subsidies todomestic industry andan increasein tariffs
Correct

Incorrect
Question 5 of 9

5. Question
What would reduce the volume of international trade in the world economy?
- A.a German bank making a loan to a Nigerian company
- B.a Japanese car manufacturer establishing a factory in the Czech Republic
- C.the Canadian government introducing quotas on Malaysian electronics products
- D.the Swedish government granting aid to Somalia
Correct

Incorrect
Question 6 of 9

6. Question
Many low-income countries rely on multinational companies (MNCs)to provide economic development.
What is a disadvantage of this for the low-income country?
- A. Local firms close because MNCs are more efficient
- B.New production techniques are introduced.
- C. The balance of payments may improve
- D. The MNCs have to pay taxes on their profits.
Correct

Incorrect
Question 7 of 9

7. Question
A newspaper headline stated ‘Free trade helps the world’s poorest’.
Why might this be correct?
- A.Employment will be focused in hi-tech industries.
- B.Environmental disasters will be avoided.
- C.Free trade reduces competitiveness for domestic firms.
- D. The cost of living is likely to go down with free trade.
Correct

Incorrect
Question 8 of 9

8. Question
Which action might be taken by an economy wishing to produce a greater range of products?
- A.concentrate on the production of primary products
- B.encourage imports of manufactured goods
- C.encourage investment by multinational companies
- D.increase interest rates
Correct

Incorrect
Question 9 of 9

9. Question
The government of a developing country allows a multinational mining company to mine minerals in order to improve the
standard of living of the local people.
Which action by the multinational company (MNC) will not lead to an improvement in the standard of living of the local
people?
- A.building roads to assist transport
- B.exporting mineral ore
- C.providing skills training
- D.returning profits overseas
Correct

Incorrect

Copyright © 2026 Exam-Corner

Dashboard 📚
LOGOUT 👀

error: Content is protected !!

Login

Accessing this subject requires a login. Please enter your credentials below!

Username or Email Address

Password

Remember Me

Lost Your Password?

Register

Don't have an account? Register one!

Register an Account