Name: Score:
10 Multiple choice questions
Definition 1 of 10
the highest tariff rates in US history
(Chapter 18) The keiretsu of Japan are
(Chapter 17) The Smoot-Hawley Tariff of 1930 resulted in
(Chapter 17) Tariffs and quotas can have all of the following effects EXCEPT
(Chapter 17) A persistent trade deficit causes
Definition 2 of 10
raise money
(Chapter 18) The keiretsu of Japan are
(Chapter 17) A persistent trade deficit causes
(Chapter 17) The Smoot-Hawley Tariff of 1930 resulted in
(Chapter 17) Revenue tariffs are levied to
Term 3 of 10
(Chapter 17) Tariffs and quotas can have all of the following effects EXCEPT
was the freest market economy in the world
protecting domestic industry
promoting third-world development
reducing trade deficits
, Term 4 of 10
(Chapter 17) A persistent trade deficit causes
unemployment to increase in import industires
an increase in foreign investment in the country
a rise in wages for workers in export industries
a decrease in the overall cost of living
Definition 5 of 10
WTO
(Chapter 17) The Smoot-Hawley Tariff of 1930 resulted in
(Chapter 18) The keiretsu of Japan are
(Chapter 17) The international agency that administers trade agreements and settles trade
disputes is
(Chapter 17) Tariffs and quotas can have all of the following effects EXCEPT
Term 6 of 10
(Chapter 18) Countries trying to change from a command to a market economy face all of the
following problems EXCEPT the
forming of agricultural collectives
equitable distribution of benefits
wto
promoting third-world development
10 Multiple choice questions
Definition 1 of 10
the highest tariff rates in US history
(Chapter 18) The keiretsu of Japan are
(Chapter 17) The Smoot-Hawley Tariff of 1930 resulted in
(Chapter 17) Tariffs and quotas can have all of the following effects EXCEPT
(Chapter 17) A persistent trade deficit causes
Definition 2 of 10
raise money
(Chapter 18) The keiretsu of Japan are
(Chapter 17) A persistent trade deficit causes
(Chapter 17) The Smoot-Hawley Tariff of 1930 resulted in
(Chapter 17) Revenue tariffs are levied to
Term 3 of 10
(Chapter 17) Tariffs and quotas can have all of the following effects EXCEPT
was the freest market economy in the world
protecting domestic industry
promoting third-world development
reducing trade deficits
, Term 4 of 10
(Chapter 17) A persistent trade deficit causes
unemployment to increase in import industires
an increase in foreign investment in the country
a rise in wages for workers in export industries
a decrease in the overall cost of living
Definition 5 of 10
WTO
(Chapter 17) The Smoot-Hawley Tariff of 1930 resulted in
(Chapter 18) The keiretsu of Japan are
(Chapter 17) The international agency that administers trade agreements and settles trade
disputes is
(Chapter 17) Tariffs and quotas can have all of the following effects EXCEPT
Term 6 of 10
(Chapter 18) Countries trying to change from a command to a market economy face all of the
following problems EXCEPT the
forming of agricultural collectives
equitable distribution of benefits
wto
promoting third-world development
