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.
Greater choice of goods
Better-made products
Lower taxes
Better pay
A wider choice of jobs
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.
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