Free Trade Listening Quiz (Part D)

A visually appealing infographic illustrating concepts of free trade, including icons of global trade, open markets, currency exchange, and benefits such as variety of goods, lower prices, and economic growth.

Understanding Free Trade

Test your knowledge of free trade concepts and policies with our engaging quiz. This quiz covers important topics like deregulation, competition, and the benefits of free trade as mentioned by Ian McPherson.

7 questions to challenge your understanding
Multiple choice and checkbox formats
Learn while you play!

7 Questions2 MinutesCreated by ExploringTrade7

When there is a policy of deregulation, ...

Companies compete freely.

There are a lot of government controls.

Companies must follow regulations.

Which benefits of free trade does Ian McPherson mention? Choose 3 benefits you hear.

Some countries do not practise free trade because they wish to fight against. .......... competition, for example, dumping;

Strategic

Unfair

Imports

Some countries do not practise free trade because they wish to protect their . . . . . . . . . . . industries, which are important to their economy;

Strategic

Unfair

Imports

Some countries do not practise free trade because they wish to be less reliant on . . . . . . . . . . . . , because their own economies need developing.

Strategic

Unfair

Imports

What trend in international trade does Ian McPherson mention? (Choose 2 answers)

Liberalising trade

Removing trade

Removing trade barriers

Liberalising barriers

Why does he think the trend is a good one?

The most successful economies tend to have open markets

Most of their industries have been deregulated.

The most successful economies tend to not have open markets

Most of their industries have not been deregulated.

Free Trade Listening Quiz (Part D)

Understanding Free Trade

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