GOVERNMENT POLICY AND INTERNATIONAL TRADE

GOVERNMENT POLICY AND INTERNATIONAL TRADE

Professional Development

10 Qs

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GOVERNMENT POLICY AND INTERNATIONAL TRADE

GOVERNMENT POLICY AND INTERNATIONAL TRADE

Assessment

Quiz

Other

Professional Development

Hard

Created by

Shiela Lerin

Used 8+ times

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10 questions

Show all answers

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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