International Trade Theory and Policy
by Steven M. Suranovic

Trade 5

Trade 10

Trade Questions Jeopardy 10-1

DIRECTIONS: As in the popular TV game show, you are given an answer to a question and you must respond with the question. For example, if the answer is "a tax on imports," then the correct question is "What is a tariff?"

  1. An arrangement in which a country agrees to limit the quantity of a good it exports to another country.
  2. A payment made by a government to encourage exports.
  3. The schedule of tariffs charged in all import commodity categories in the US.
  4. A tax levied as a dollar charge per unit of imports.
  5. A government policy which favors domestic firms over foreign firms with respect to government purchases.
  6. Costly or annoying administrative procedures which make it difficult to import goods into a country.
  7. The international organization that maintains the Harmonized Commodity Coding and Classification System for imported goods.
  8. A type of quota that allows a specified quantity of a good to be imported at a reduced tariff rate during a specified period.
  9. The new name for the multi-fiber agreement.
  10. A tax levied as a percentage of the value of an imported good.

International Trade Theory and Policy - Chapter 10: Last Updated on 6/13/06