Test your knowledge of trade policies and how they influence economic growth and extend overseas markets with this 14-question A level quiz.

 If you haven't already done it, work through the unit on ‘Do trade policies matter?’ or look at it again to help fill in any gaps in your knowledge!

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Rank Name Score
1st H-R 28
2nd F.Z 28
3rd TMJ 28
4th TMJ 28
5th JLA 28
6th BJs 28
7th BJs 28
8th ltx 27
9th TMJ 27
10th pgb 27

QUIZZES // Trade policies

Q1. What is a non-tariff barrier?

A control applied only to imported goods

Any measure applied to imports and exports which is not a financial tax

A tax applied to agricultural produce

An agreement on trading goods within a Free Trade Area

Q2. What is protectionism?

Support for countries with low GNI

Financial controls on exports from a country

Government subsidies applied to all parts of a country’s economy

A range of trade policies which restrict imports in particular sectors of a country’s economy

Q3. Which of these is an example of invisible trade?

Food processing industries

Transport industries

Research and intellectual property services

Imports of raw materials

Q4. What is comparative advantage?

Where something can be produced cheaper in one location than another

A government subsidy to reduce costs of imports

Where one product is of higher quality than another

Where goods are sold more cheaply overseas than at home

Q5. Which of these is NOT a reason for international trade?

To increase the income of governments through taxes

To increase the size of markets for a product

To increase access to affordable goods and services

To reduce the influence of nation states

Q6. The EU ban on imports of chlorinated chicken is an example of:

Anti-dumping measures

Phytosanitary regulations

Free trade

Quotas to control trade

Q7. Which of these organisations sets the rules for the system of world trade?


World Bank


UN Security Council

Q8. What are import substitution policies?

Policies that restrict exports

Policies that support free trade

Policies that encourage immigration

Policies that restrict imports

Q9. EU tariffs on imports aim to:

Protect EU producers

Limit the amount of a product which can be imported

Increase the competitiveness of EU exports

Reduce migration

Q10. Structural adjustment programmes (SAP) were imposed on low-income countries in order to:

Help them pay back debt to large private lenders and corporations

Establish a national minimum wage

Help them pay back their national debts to the IMF and international banks

Restrict foreign imports

Q11. Which of these is not a predominantly political reason for government intervention in an economy?

Protect jobs from unfair competition

Protect the environment

Protect consumer health

Encourage immigration

Q12. What is a trade war?

Where exported goods are protected by armed forces

Competition between different firms making the same goods

Disagreement between government and producers over import controls

When countries try to damage each other's trade

Q13. What is Fair Trade?

When producers engage in fair competition with each other

Producers are paid a fair price for their produce

There is fair competition between small producers and multi-national corporations

A guarantee of product quality

Q14. What is a free trade area?

A region where agricultural products are very cheap

A region where all governments impose similar trading tariffs

A region where there are no imports into it

A group of countries within which trade is conducted freely


You scored this time. The more correct answers you give, and the fewer incorrect answers you guess, the better your score.

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