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Welcome to the QuizMoz Economics Final Exam 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!!

Economics Final Exam Quiz takes two minutes to find out how much you know about Economics.

Quiz Created by:
Creation Date: 7 December 2010
1. when do nations protect themselves from trade
a.times of economic well-being
b.times of economice stress
d.never, trade benefits all
2. Their has been a clear trend towards _____
3. When did the Doha Round start and what did it involve?
a.Oct. 2000 countires wanting more gold
b.Nov. 2001 emerging countries wanting more trade
c.Dec 1989 Advanced nations replacing fixed rates
d.1945 replacement for the gold standard
4. Protectionist meausures are ___ and pressures are ___
a.up down
b.no evidence they are up, up
c.no evidence they are up down
d.no evidence they are down down
5. Protectionism leads to
a.quota suspension
b.economic collapse
c.large welfare loss
d.tarrif reductions
6. World output is less without
a.specialization, tarrifs
b.tarrifs, trade
c.trade and comparative advantages
d.trade and specialization
7. Trade globalization
a.increases unemployment
b.increases growth
c.decreases stability
d.is only achieved through protectionism
8. Globalization causes
a.rises in income
b.restricive trade clauses
c.higher productivity from the adoption of new technologies
d.A and C
9. In an IMF scenarion, Protectionism caused _____ due to..
a.downward slope in GDP growth, contractionary monetary policy in response to higher tarrifs
b.increased economic stability, contractionary monetary policy in response to lower tarrifs
c.increased productivity,contractionary monetary policy in response to higher tarrifs
d.all of the above
10. non-tariff measures (hard to meausure) have
a.increased slightly in some economies
b.increased steadily in all economies
c.remained stable in all economies
d.decreased in all economies
11. A way to measure protectionism on capital flow consists in
a.finding the exchange rate
b.measuring legal restrictions on cross-border capital flows
c.measuring the inflation rate
d.all of the above
12. The De Jure, and De Facto measures protectionism on capital flow
a.through price and quantity measure of financial integration, and narratative descriptions to give a quantiative meausure
b.narratative descriptions to give a quantiative meausure and, through price and quantity measure of financial integration
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