International Trade Policy & Strategic Trade Policies

Instructions:

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

question 1 of 3

Identify which of the following is the most likely reason for a country being awarded the Most Favored Nation (MFN) status:

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1. Identify which of the following is most hurt by strategic trade policy:

2. Which of the following is an example of a tariff?

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About This Quiz & Worksheet

There are a number of reasons for the creation of international trade policies, and these study materials will help check your understanding of these reasons and the policies in general.

Quiz & Worksheet Goals

Use these tools to assess your knowledge of the following:

  • Term for a country able to export goods with low tariffs
  • Protections for domestic industries from foreign competition
  • Tool providing low-interest loans, tax breaks, and/or cash grants

Skills Practiced

This worksheet and quiz let you practice the following skills:

  • Defining key concepts - prove that you can identify key terms based on given definitions
  • Critical thinking - use your understanding of the reasons for governmental intervention to discuss international trade in a different light
  • Knowledge application - apply your knowledge of strategic trade to answer questions about international trade

Additional Learning

To learn more, review the lesson titled International Trade Policy & Strategic Trade Policies. The lesson fulfills these objectives:

  • Define international trade
  • Examine the political reasons for international trade policy, such as the protection of jobs and the protection of national security
  • Analyze the economic factors of international trade, like the protection of new industries from competition
  • Explore the role of human rights
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