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© 2013 Pearson
Global Markets
in Action
9
CLICKER QUESTIONS
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Checkpoint 9.1
Checkpoint 9.3
Checkpoint 9.4
Question 1
Question 5
Question 8
Question 2
Question 6
Question 9
Question 7
Question 10
Checkpoint 9.2
Question 3
Question 4
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CHECKPOINT 9.1
Question 1
When Italy buys a Boeing jet, it pays ____ if it produced the
jet itself and the price Boeing receives is ____ than what an
additional U.S. buyer is willing to pay.
A. a lower price than; lower
B. a higher price than; higher
C. a lower price than; higher
D. a higher price than; lower
E. the same price as; higher
© 2013 Pearson
CHECKPOINT 9.1
Question 2
Suppose that the price of a good in a country that does not
trade internationally is _____ the world price. If this country
starts to trade internationally, it will _____ the good and
_____ less of the good.
A. equal to; produce more of; import
B. less than; export; produce
C. greater than; import; consume
D. less than; increase production of the good; import
E. greater than; import; produce
© 2013 Pearson
CHECKPOINT 9.2
Question 3
When a country exports a good, the country’s producer
surplus ____, consumer surplus ____, and the country ____
from the trade.
A. increases; increases; gains
B. decreases; increases; gains
C. increases; decreases; gains
D. decreases; decreases; loses
E. increases; decreases; loses
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CHECKPOINT 9.2
Question 4
International trade based on comparative advantage is in the
social interest because ______.
A. consumer surplus increases
B. producer surplus increases
C. consumer surplus does not decrease
D. producer surplus does not decrease
E. total surplus increases
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CHECKPOINT 9.3
Question 5
When a tariff is imposed on an imported good, the ____ of
that good increases.
A. domestic quantity purchased
B. domestic quantity produced
C. quantity imported
D. quantity exported
E. world price
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CHECKPOINT 9.3
Question 6
When a tariff is imposed on a good, domestic consumers of
the good ____ and domestic producers of the good ____.
A. win; lose
B. lose; lose
C. win; win
D. lose; win
E. lose; neither win nor lose
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CHECKPOINT 9.3
Question 7
Which of the following parties benefits from an import quota
but not from a tariff?
A. the domestic government
B. domestic producers
C. domestic consumers
D. domestic importers of the good
E. the foreign government
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CHECKPOINT 9.4
Question 8
The United States _________ cheap labor.
A. needs tariffs so that it can compete with countries that
have
B. should not trade with countries that have
C. will not gain from trade with countries with
D. does not need tariffs to be able to compete with
E. avoids trading with countries that have
© 2013 Pearson
CHECKPOINT 9.4
Question 9
What is a major reason international trade is restricted in
developed countries?
A. rent seeking
B. to allow competition with cheap foreign labor
C. to save jobs
D. to prevent dumping
E. for national security
© 2013 Pearson
CHECKPOINT 9.4
Question 10
The major reason most less-developed nations impose
tariffs is because _______.
A. the government gains revenue from the tariff
B. low-paid domestic workers are protected from high-paid
foreign workers.
C. the tariff increases the nation’s total income
D. the tariff improves its national security
E. the tariff helps to diversify the domestic economy
© 2013 Pearson