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Advantages and Disadvantages of Trade Protectionism

Instructions:

Choose an answer and hit 'next'. You will receive your score and answers at the end.

question 1 of 3

Why might a country engage in trade protectionism?

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1. How do tariffs make domestic goods more competitive?

2. Why is GATT relevant for the international system?

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About This Quiz & Worksheet

Trade protectionism gets instituted with the intent of restricting imports into a country. This quiz can test your knowledge on trade protectionism and how it works.

Quiz & Worksheet Goals

This quiz will test how well you know:

  • Reasons for trade protectionism
  • Terms related to trade protectionism
  • Facts about economic integration
  • Organizations involved in trade protectionism

Skills Practiced

  • Reading comprehension - understanding the most pertinent information from the lesson on trade protectionism
  • Defining key concepts - accurately defining key phrases such as GATT and economic integration
  • Information recall - accessing your knowledge gained from the lesson on trade protectionism

Additional Learning

If you wish to learn more about trade protectionism, watch the lesson corresponding to this quiz, entitled Advantages and Disadvantages of Trade Protectionism. The lesson covers the following objectives:

  • Define trade protectionism
  • Know important terms pertaining to trade protectionism
  • Understand advantages and disadvantages of trade protectionism
  • Know how integration relates to trade protectionism
  • Recognize trade regimes
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