How Much You Know About Protectionism?

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Quizzes Created: 1083 | Total Attempts: 3,548,751
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  • 1/10 Questions

    Tariffs are used to protect “domestic and small-scale industries.”

    • True
    • False
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About This Quiz

Do you understand what trade is? Are you familiar with protectionism? Take this protectionism quiz and check your knowledge of the topic. Protectionism is a kind of government action to improve a country's economy. Whether you know all about this concept or you wish to learn, this quiz is helpful both ways. Go for it and see what you score on this protectionism quiz. All the best! Do share the quiz with others and challenge them on scores.

How Much You Know About Protectionism? - Quiz

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  • 2. 

    Protectionism refers to the government policies that restrict ___________ trade to help _________ industries.

    • International, domestic

    • Domestic, international

    • Local, small-scale

    • None of the above

    Rate this question:

  • 3. 

    Which of the following methods of protection raises revenue for the government?

    • Tariff

    • Quota

    • Embargo

    • Subsidies

    Rate this question:

  • 4. 

    What is the other name for protectionism?

    • Economy protectionism

    • Trade protectionism

    • Import protectionism

    • Export protectionism

    Rate this question:

  • 5. 

    What does a government do under trade protectionism?

    • Import taxes

    • Enact tariffs

    • Boost the price of foreign-made products

    • All of the above

    Rate this question:

  • 6. 

    What is a total ban on imported products called?

    • Subsidy

    • Embargo

    • Quota

    • Tariff

    Rate this question:

  • 7. 

    What term is suitable for this example? In 2015, the EU paid British Farmers 10p for every pint of milk produced.

    • Tariff

    • Quota

    • Subsidy

    • Financial Protectionism

    Rate this question:

  • 8. 

    What could be the reason for protectionism?

    • Infant industries

    • National Defense

    • Employment

    • All of the above

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  • 9. 

    Putting restrictions on imports may help to decrease the balance of payments deficit on the current account.

    • True

    • False

    Rate this question:

  • 10. 

    Who is the father of protectionism?

    • Bertil Ohlin

    • Friedrich List

    • Eli Heckscher

    • None of the above

    Rate this question:

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

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

  • Current Version
  • Nov 16, 2023
    Quiz Edited by
    ProProfs Editorial Team
  • Dec 15, 2022
    Quiz Created by
    Sophia Smith
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