Mercantilism: Trade & Protectionism Quiz

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Mercantilism: Trade & Protectionism: a General level Economics quiz. Test your knowledge with 14 questions!
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Questions

Question 1
What is a tax on imported goods called?
A Quota
B Tariff
C Grant
D Subsidy
Question 2
Mercantilists favored which type of trade balance?
A Zero
B Deficit
C Surplus
D Balanced
Question 3
What is an export subsidy?
A Ban on exports
B Financial aid for exporters
C Tax on exports
D Limit on exports
Question 4
Protectionism aims to shield what?
A Domestic industries
B Global markets
C International banks
D Foreign companies
Question 5
A trade deficit occurs when imports exceed what?
A Savings
B Debt
C Exports
D Investment

๐Ÿ“‹ This quiz has 14 questions in total.

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