INTERNATIONAL ECONOMICS
DRM2
Create multiple-choice games on Wisc-Online and play them on our Chakalaka mobile app!
But that's not all! Explore educational games created by others. Simply search by category or enter agame code number and dive into a world of learning and fun.
Download the Chakalaka mobile app here:
Topics of this game:
- AN ECONOMY WITH FOREIGN TRADE IS KNOWN AS
- WHICH OF THE FOLLOWING IS NOT A CHARACTERISTIC OF INTERNATIONAL TRADE?
- WHICH OF THE FOLLOWING WOULD NOT BENEFIT FROM THE PROTECTIONISM POLICY?
- ------------------- REFERS TO THE ABILITY OF A COUNTRY TO PRODUCE A PRODUCT MORE EFFICIENTLY THAN ANOTHER COUNTRY.
- IDENTIFY TWO TYPES OF TARIFFS
- ---------------- IS A LAW THAT BARS TRADE WITH ANOTHER COUNTRY.
- AN ECONOMY WITHOUT INTERNATIONAL TRADE IS KNOWN AS A CLOSED COMPANY.
- HIGHER STANDARD OF LIVING IN THE COUNTRY IS AN ADVANTAGE OF INTERNATIONAL TRADE.
- REDUCING UNEMPLOYMENT IS A REASON FOR PROTECTING DOMESTIC INDUSTRIES FROM FOREIGN COMPETITION.
- TARIFF IS A SPECIFICATION OF A MAXIMUM AMOUNT OF COMMODITIES WHICH MAY BE IMPORTED INTO A COUNTRY IN ANY PERIOD OF TIME.
- IF THERE ARE ONLY TWO COUNTRIES IN THE WORLD, THE TRANSPORTATION COST IS INCLUDED UNDER THE ASSUMPTION OF COMPARATIVE ADVANTAGE.
- AD VALOREN TARIFF IS IMPOSED ON EXPORTS BASED ON THE VALUE OF GOODS.
- PROTECTIONISM IS TO PROTECT SMALL AND MEDIUM-SIZED INDUSTRIES (SMEs) ONLY.
- THE IMPOSITION OF A TARIFF ON A PRODUCT IS LEAST LIKELY TO RESULT IN AN INCREASE IN THE PRICE OF THE PRODUCT.
- THE QUOTA IS A PHYSICAL LIMIT ON THE QUANTITY OF GOODS ALLOWED TO ENTER A COUNTRY.
User comments are currently unavailable. We apologize for the inconvenience and are working to restore this feature as soon as possible.