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 Follow QuizMoz on Twitter  Economics Final Quiz

Welcome to the QuizMoz Economics Final Quiz. QuizMoz offers one of the Internet's largest collection of quizzes for you to tease your brain and pit your wits against the experienced QuizMoz quiz masters. Go ahead and find out what you know about yourself and the world around you. Best of luck!!

All it takes is two minutes to take the Economics Final Quiz and find out how much you know about the quiz and the characters in the quiz.

Quiz Created by:
Creation Date: 7 December 2010
1. How do nations use protectionism
a.through import tarrifs
b.depreciating their currecies value
c.all of the above
2. Why do people fear protectionism is on the rise?
c.Doha round
d.Fiscal Policy fluxuations
3. What did the emerging nations want from the advanced economies
a.Reduced tarrifs on agriculture in EU
b.abolished US farm subsidies
c.enhanced acess for industrial goods to the markets of developing countires
d.all of the above
4. Who are the emerging nations
a.Brazil, Russia, India, China, Sweden
b.China, Russia, US, EU
c.Brazil, South Africa, India, China, Russia
d.Japan, Australia
5. What is the Doha rounds objective
a.to create economic stability
b.to impose fishing sanctions
c.to integrate developing countries into world trade
d.to ensure that advanced nations maintain order
6. A tarrif is a
a.protectionist pressure
b.liberalization measure
c.protectionist measure
d.maxiumum limit on imports
7. The effects of Protectionism are
a.higher prices for consumers and tax payers
b.balance of payment and fiscal difficulties (too much money flowing out, not enough in)
c.reduction in efficiency in allocation of resources
d.all of the above
8. Trade barriers
a.encourage growth
b.hurt growth
c.encourage globalization
d.all of the above
9. average import tarrifs
a.have declined on agricultural goods
b.have declined for manufactured goods
c.have increased for all products
d.have decreased for all products
10. BRIC's have ____ than advanced economies (protect themselves)
a.lower quotas
b.more debt
c.higher tariffs
d.all of the above
11. Advanced economies are
a.gaining control
b.losing market share
c.overpowering foreing investors
d.remaining stable
12. emerging economies still apply
a.high standards for their imported meats
b.high tariffs to most manufactured goods
c.no tariffs to most manufactured goods
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