Why do governments impose trade barriers

both to protect domestic industries and to combat job losses

Why does investment in human capital through education positively affect income?

People get more skills and are likely to be more productive

What is human capital?

The accumulated knowledge and skills of human beings

What did NAFTA establish?

A free trade zone between the US, Canada, and Mexico

North American Free Trade Agreement

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Economics

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Questions 19

Answers

1
All are economic systems except ........
Command Economy
Mixed Economy
Free Market Economy
Banking System
2
GDP
Gross domestic people
Gross Domestic Product
Gross Domestic Development
Grass Domestic Product
3
A Quota is?
A Quantity limit on the import of a good.
A Quantity Intake
A never ending amount of goods
The amount of trade systems
4
Trade without barriers is
import quota
globalization
embargo
free trade
5
What is the measure of economic growth?
A Ruler
Exports and Imports
Real GDP
Government Revenues
6
What is economics?
the study of the government
money remaining from revenues after expenses are paid
sales
The study of how goods/ services are produced, and consumed
7
What are tariff barriers?
Rules and Regulations that made trade more difficult.
Limit placed on number of imports
Taxes on certain imports
8
Which of the following is not one of the factors of production
Natural Resources
Capital Goods
GDP
Human Capital
9
All of these are trade barriers EXCEPT
Embargo
Tariff
Quota
Comparative advantage
10
Mixed economic systems are the norm globally
True
False
11
Capital Goods
The capital of Georgia.
None of the above.
Things that that are used to make other things.
Things that are useless.
12
Why do governments impose trade barriers
both to protect domestic industries and to combat job losses
to protect domestic industries
none of these options
to combat job losses
13
Why does investment in human capital through education positively affect income?
People never earn more money from higher education
People become very social in college
People get more skills and are likely to be more productive
People get more money from side-gigs in college
14
One negative effect of trade barriers is...
startup protection on industries
job protection
increased prices
enhanced competition
15
What is human capital?
The accumulated knowledge and skills of human beings
human effort
physical effort by humans in their work
economic wants
16
What is an Embargo?
A ban on trade
When a country endorses trade from other countries
When a country builds a canal
When a country bounce back from the L
17
What did NAFTA establish?
discounted tariff rates
A free trade zone between the US, Canada, and Mexico
limited trade between the US, Canada, and Mexico
Doubled tariffs
18
NAFTA means
North Africa Free Trade Agreement
North American Free Trade Agreement
Nothing After Five Tomorrow Afternoon
North American Free Trade Arguments
19
A Tariff is?
A Tax on imports
A leveled area or platform next to a building
A Trilateral agreement
A Quantity intake

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