Protectionism Quiz by Shubhrata Shrestha | Jun 2, 2025 | 0 comments Protectionism Quiz 1. Which of the following is a direct tool of protectionism? A) Deregulation B) Tariff C) Trade liberalization D) Exchange rate floating None 2. What is the main purpose of imposing import quotas? A) Increase foreign investment B) Eliminate subsidies C) Limit the quantity of imports D) Promote currency devaluation None 3. Export subsidies are used to: A) Raise prices of domestic goods in the local market B) Make domestic products cheaper in foreign markets C) Discourage exports D) Reduce labor costs in exporting countries None 4. A policy banning all trade with another country is known as: A) Import quota B) Export subsidy C) Embargo D) Red tape None 5. Excessive administrative procedures are an example of: A) Free trade agreement B) Non-tariff barrier C) Dumping D) Currency depreciation None 6. One of the disadvantages of protectionism is: A) Enhanced global efficiency B) Increased product variety C) Higher consumer prices D) Promotion of comparative advantage None 7. Protecting 'infant industries' is an argument: A) Against subsidies B) For protectionism C) Against tariffs D) For free trade None 8. Which of the following is not a benefit of protectionism? A) Job protection B) Increased government tariff revenue C) Access to cheaper imported goods D) Prevention of unfair trade practices None 9. Tariffs are likely to: A) Reduce domestic production B) Increase demand for foreign goods C) Increase prices of imported goods D) Decrease government revenue None 10. What is a common long-term effect of protectionism? A) Improved global competitiveness B) Increased market efficiency C) Technological innovation D) Reduced incentives to innovate None Time's up Submit a Comment Cancel replyYour email address will not be published. Required fields are marked *Comment * Name * Email * Website Save my name, email, and website in this browser for the next time I comment. Δ
