GOVERNMENT POLICY AND INTERNATIONAL TRADE
Quiz
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Other
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Professional Development
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Hard
Shiela Lerin
Used 8+ times
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10 questions
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1.
MULTIPLE CHOICE QUESTION
10 sec • 2 pts
It is the oldest and simplest instrument of trade policy.
Trade
Policy
Tariff
Subsidy
2.
MULTIPLE CHOICE QUESTION
10 sec • 2 pts
A government payment to a domestic producer, it comes with any forms including cash grants, low-interest loans, tax breaks, and government equity participation.
Subsidy
Tariff
Quota
Anti-dumping Duties
3.
MULTIPLE CHOICE QUESTION
10 sec • 2 pts
GATT stands for:
General Association on Tariffs and Trade
General Assembly on Tariffs and Trade
General Aggregate on Tariffs and Trade
General Agreement on Tariffs and Trade
4.
MULTIPLE CHOICE QUESTION
10 sec • 2 pts
This Development World Trading System was came after the originated country wherein GATT members embarked on their eighth round of negotiations to reduce tariffs.
The Union of Soviet Socialist Republics Round
The Ukraine Round
The Uruguay Round
The Uzbekistan Round
5.
MULTIPLE CHOICE QUESTION
10 sec • 2 pts
These are the agreements between two (2) or more partners designed to capture gain from trade beyond those agreements currently attainable under WTO treaties.
General Agreement on Trade in Services
Multilateral and Bilateral Trade Agreements
World Trade Organization Agreements
General Agreement on Tariffs and Trade
6.
MULTIPLE CHOICE QUESTION
10 sec • 2 pts
This instrument in Trade Policy is variously defined as selling goods in a foreign market at below their costs of production or as selling goods in a foreign market at below their “fair” market value.
Protectionist Trends
Voluntary Export Restraints
Export Tariffs and Bans
Anti-dumping Duties
7.
MULTIPLE CHOICE QUESTION
10 sec • 2 pts
This instrument of Trade Policy is a tax placed on the export of a good. The goal behind this tariff is to discriminate against exporting to ensure that there is sufficient supply of a good within a country.
Export Tariffs
Import Quotas
Local Content Requirements
Subsidies
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