1 Protectionism can be defined by all except _______.

Increased subsidies for foreign firms

Increased tariffs for foreign exporters

Increased subsidies for domestic firms

2 Tariffs assessed according to a physical unit of measurement are known as _______.

Specific duties

Ad valorem duties

3 OPEC is an example of a(n) ______ of oil-producing nations.

cartel

cluster

compound

consolidation

4 Examples of non-tariff barriers to merchandise trade are all except _________.

Required percentages of foreign content material

Rigorous customs and product entry procedures

Detailed safety inspections

5 Securitization can involve all of the following except _______.

Covered bonds

Residential Mortgages

Student Loans

Taxi Medallions