Trade policy bingo

Exercise and reference answers

Clues and terms

1. Clue

   Tax on imported goods.

   Item

   Tariff

2. Clue

   Numerical limit on imports.

   Item

   Import quota

3. Clue

   Shielding domestic producers.

   Item

   Protectionism

4. Clue

   Selling below cost abroad.

   Item

   Dumping

5. Clue

   Too new to compete yet.

   Item

   Infant firm

6. Clue

   Efficiency nobody captures.

   Item

   Deadweight

7. Clue

   The 1947 trade agreement.

   Item

   GATT

8. Clue

   Body that superseded it.

   Item

   WTO

9. Clue

   Replaced NAFTA in 2020.

   Item

   USMCA

Instructions

Read each clue and tap the term it describes.

Explanation