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Free trade: Quiz


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Question 1: The next most important were the rise of the "________" within the Republican party.
Republican Party (United States)MugwumpGilded AgeTheodore Roosevelt

Question 2: A number of arguments for and against in the ongoing public debate can be seen in the ________ article.
MercantilismFree trade debateCapitalismEconomics

Question 3: "Free trade" is opposed by many anti-globalization groups, based on their assertion that free trade agreements generally do not increase the ________ of the poor or the working class, and frequently make them poorer.
LibertarianismFree marketEconomic freedomFriedrich von Hayek

Question 4: Notable contemporary trade barriers include ongoing tariffs, import quotas, sanctions and embargoes, currency manipulation of the ________ with respect to the U.S.

Question 5: All ________ have used protectionism due to an interest in raising revenues, protecting infant industries, special interest pressure, and, prior to the 19th century, a belief in mercantilism.
High income economyHuman Development IndexDeveloped countryTurkey

Question 6: This mercantilist "American System" was opposed by the Democratic Party of ________, Martin Van Buren, James K. Polk, Franklin Pierce, and James Buchanan.
Andrew JacksonAl GoreGeorge M. DallasCordell Hull

Question 7: Free trade is a system of ________ that allows traders to act and transact without interference from government.
International tradeSilk RoadGlobalizationTrade

Question 8:
Most (but not all) countries in the world are members of the ________ (see map), which limits in certain ways but does not eliminate tariffs and other trade barriers.
United StatesWorld Trade OrganizationWorld Trade Organization accession and membershipEuropean Union

Question 9: It has long been argued that free trade is a form of colonialism or imperialism, a position taken by various proponents of ________ and the school of mercantilism.
IrredentismPan-nationalismEconomic nationalismLiberal nationalism

Question 10: The following alternatives for free trade are proposed: balanced trade, fair trade, protectionism and ________.
Financial transaction taxForeign exchange marketTobin taxCurrency transaction tax

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