Lesson M4.4.1

M4.4.1 Protectionism and economic integration Quiz: OCR Economics, Unit 9

20 questions

In partnership with Revision Ninja

Lesson M4.4.1, Protectionism and economic integration: 20 multiple choice questions for the OCR Economics (H460), Unit 9: The global context, written with Revision Ninja.

Host it live on the board and students join with a game code on their own devices, or revise alone with Free Play. The answers are revealed in the game.

Host this setFree Play

The 20 questions

  1. What is a tax imposed specifically on imported goods called?

    • Embargo
    • Tariff
    • Subsidy
    • Quota
  2. Which trade restriction places a direct physical limit on the quantity of imports?

    • Red tape
    • Tariff
    • Import quota
    • Export subsidy
  3. What level of economic integration involves a common external tariff alongside no internal tariffs?

    • Monetary union
    • Customs union
    • Single market
    • Free trade area
  4. Which argument for protectionism involves protecting new domestic firms from established foreign rivals?

    • Anti-dumping
    • Declining industry
    • Infant industry
    • Senile industry
  5. What occurs when trade shifts from a low-cost non-member producer to a higher-cost member producer?

    • Trade creation
    • Trade diversion
    • Trade reversal
    • Trade deflection
  6. Which stage of economic integration includes the free movement of labour, capital, goods and services?

    • Free trade area
    • Single market
    • Preferential trade area
    • Customs union
  7. What organisation enforces global trade agreements and resolves commercial disputes between nations?

    • International Monetary Fund
    • World Bank
    • World Trade Organisation
    • OECD
  8. What is the term for selling exports below their cost of production in foreign markets?

    • Dumping
    • Hedging
    • Subsidising
    • Offshoring
  9. A country removes internal tariffs with neighbours but keeps independent external tariffs. What structure is this?

    • Customs union
    • Economic union
    • Common market
    • Free trade area
  10. If a tariff raises domestic price from £10 to £12 on 1,000 imports, what is government revenue?

    • £12,000
    • £20,000
    • £10,000
    • £2,000
  11. A nation introduces complex safety checks designed solely to delay foreign imports. What is this?

    • Administrative barrier
    • Import quota
    • Voluntary export restraint
    • Tariff
  12. Joining a customs union causes a nation to buy wheat cheaper from a member state. What is this called?

    • Trade substitution
    • Trade creation
    • Trade expansion
    • Trade diversion
  13. The Eurozone, featuring a shared currency and unified central bank, is an example of what?

    • Customs union
    • Preferential trade area
    • Monetary union
    • Free trade area
  14. A state provides £5 per unit to local manufacturers to lower export prices. What is this intervention?

    • Import tariff
    • Export subsidy
    • Import quota
    • Embargo
  15. Country A completely bans all imports of goods from Country B for political reasons. What is this?

    • Tariff rate quota
    • Import quota
    • Trade embargo
    • Administrative delay
  16. A trade bloc adopts both a single currency and harmonised tax rates across all members. What is this?

    • Common market
    • Economic union
    • Free trade area
    • Customs union
  17. On a supply and demand tariff diagram, which areas represent the deadweight welfare loss?

    • One rectangle
    • One triangle
    • Two rectangles
    • Two triangles
  18. What happens to domestic consumer surplus when an import tariff is introduced?

    • Decreases
    • Doubles
    • Increases
    • Remains unchanged
  19. Why might retaliatory tariffs by trade partners harm a nation implementing import tariffs?

    • Reduces export demand
    • Increases import demand
    • Lowers inflation
    • Boosts government revenue
  20. What primary economic risk arises when protecting an infant industry for too long?

    • Deflationary pressure
    • Excessive competition
    • Currency appreciation
    • Production inefficiency

All OCR Economics quizzes