| 1. | How do nations use protectionism
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| a. | | through import tarrifs |
| b. | | depreciating their currecies value |
| c. | | all of the above
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| 2. | Why do people fear protectionism is on the rise? |
| a. | | Recesiion |
| b. | | Globalization |
| c. | | Doha round |
| d. | | Fiscal Policy fluxuations
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| 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
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| 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
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| 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
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| 6. | A tarrif is a |
| a. | | protectionist pressure |
| b. | | liberalization measure |
| c. | | protectionist measure |
| d. | | maxiumum limit on imports
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| 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
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| 8. | Trade barriers |
| a. | | encourage growth |
| b. | | hurt growth |
| c. | | encourage globalization |
| d. | | all of the above
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| 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
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| 10. | BRIC's have ____ than advanced economies
(protect themselves) |
| a. | | lower quotas |
| b. | | more debt |
| c. | | higher tariffs |
| d. | | all of the above
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| 11. | Advanced economies are |
| a. | | gaining control |
| b. | | losing market share |
| c. | | overpowering foreing investors |
| d. | | remaining stable
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| 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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