Title: QUIZ: International Trade 101
Course: Kelly's Copy-Export Course > Section: International Trade 101

Q: If the domestic price in country A is higher than the world price before trade, how does introducing international trade affect its citizens’ consumer surplus?
- Consumer surplus decreases.
- Consumer surplus remains the same.
- Consumer surplus increases.
- It only affects producer surplus.
A: Consumer surplus increases.

Q: If the domestic price in country A is higher than the world price before trade, who is hurt when the country opens up to international trade?
- Domestic consumers
- Domestic sellers
- International sellers
- Government
A: Domestic sellers

Q: What is the effect of a tariff on the price of imported goods?
- It decreases the price.
- It increases the price.
- It eliminates the price.
- It has no effect on the price.
A: It increases the price.

Q: According to the video, why do governments sometimes restrict trade?
- To protect domestic industries and workers
- To increase consumer surplus
- To decrease productivity
- To support international industries and workers
A: To protect domestic industries and workers

Q: What is the impact of trade restrictions on domestic production?
- Domestic production remains the same.
- It only affects foreign production.
- It decreases domestic production.
- It increases domestic production.
A: It increases domestic production.