Trade barriers Quiz

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  • 1/10 Questions

    What is this protectionist trade restriction called that sets a physical limit on the quantity of a good?

    • Quota
    • Part
    • Want
    • Lack
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About This Quiz

Do you know what the trade barriers are? To test your knowledge, try this trade barriers quiz and see how well you understand free trade vs. trade barriers. Here, we have got the questions about the various barriers a trade encounters. If you understand all this well, the questions will be easy for you to answer. You must give this quiz a try and score 100%. All the best! You can share the quiz with others too who are involved in trade and business.

Trade Barriers Quiz - Quiz

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  • 2. 

    It is a restriction to regulate international commerce.

    • Transportation barrier

    • Trade barrier

    • Calling barrier

    • Marketing barrier

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  • 3. 

    What is this tax imported on goods called, which is usually designed to protect domestic production of similar goods?

    • Tariff

    • Payment

    • Rate

    • Toll

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  • 4. 

    A tariff is when a _______ is put on an imported good.

    • Block

    • Tax

    • Limit

    • Stamp

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  • 5. 

    During 1973, many Middle Eastern countries ceased exporting oil to America in protest against the US support of Israel. What type of trade barrier is this called?

    • Tariff

    • Quota

    • Embargo

    • Mountain

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  • 6. 

    An embargo is meant to raise the amount of trade between two countries.

    • True

    • False

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  • 7. 

    What is the voluntary exchange of goods and services called?

    • Bidding

    • Broker

    • Exchange

    • Trade

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  • 8. 

    What is used to make imported goods more expensive?

    • Embargo

    • Quota

    • Free Trade

    • Tariff

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  • 9. 

    Suppose the US president raised the number of imported peanuts allowed into the country by 100 million pounds per year. What is it called?

    • Tariff

    • Quota

    • Embargo

    • None of the above

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  • 10. 

    A country might place a limit or __________ on another country to weaken their economy.

    • Tariff

    • Quota

    • Embargo

    • Tax

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Quiz Review Timeline (Updated): Aug 16, 2023 +

Our quizzes are rigorously reviewed, monitored and continuously updated by our expert board to maintain accuracy, relevance, and timeliness.

  • Current Version
  • Aug 16, 2023
    Quiz Edited by
    ProProfs Editorial Team
  • Nov 11, 2022
    Quiz Created by
    Sophia Smith
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