Trade Restrictions and Foreign Labor

Instructions:

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

question 1 of 3

Why are protectionist strategies used in trade restrictions?

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1. Why is outsourcing often used?

2. Tariffs and quotas can also be referred to as _____.

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About This Quiz & Worksheet

Trade restrictions and foreign labor are very broad topics, and this quiz and worksheet ensures your understanding of some key terms associated with these concepts. Some of topics you need to know for the quiz include another name for tariffs & quotas and an argument for infant industries.

Quiz & Worksheet Goals

Topics tested in the quiz include:

  • The type of labor that makes it domestic competition difficult
  • Infant industries
  • Tariffs and quotas

Skills Practiced

  • Defining key concepts - ensure that you can accurately define main phrases such as infant industries
  • Distinguishing differences - compare and contrast topics from the lesson such as methods of restricting the importation of foreign goods and reducing labor costs
  • Knowledge application - use your knowledge to answer questions about foreign labor

Additional Learning

To get more info about trade restrictions and foreign labor, please view the lesson called Trade Restrictions and Foreign Labor. Here are a few objectives this lesson covers:

  • The pros and cons of reducing labor costs through the use of foreign labor
  • What tariffs and quotas do
  • Arguments for trade barriers
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