International Studies First Final Quiz

What is the objective of the Agreement on Agriculture (AoA)?

• Establishing fair and market-oriented agricultural trade

• Increasing subsidies for domestic agriculture

• Promoting quotas in agricultural trade

• Abolishing tariff schedules

Which of the following principles is part of the SPS Agreement?

• Risk Assessment

• Protectionism

• Subsidy Regulation

• Dumping Measures

The Agreement on Textiles transitioned from which framework?

• TRIMs

• Multifibre Arrangement

• GATT 1947

• WTO Agriculture Protocol

The WTO Agreement on Textiles and Clothing was designed to:

• Increase quotas for textiles

• Integrate textiles into GATT rules

• Replace the Agreement on Agriculture

• Remove tariffs on textiles

Which sector received special attention under the GATT and WTO agreements?

• Manufacturing

• Pharmaceuticals

• Agriculture

• Telecommunications

What must SPS measures avoid according to the WTO agreement?

• Trade facilitation

• Unjustifiable discrimination

• Transparency requirements

• Export licensing

Which Article in the GATT is referenced in the SPS Agreement?

• Article V

• Article XX(b)

• Article XIV(d)

• Article XI

Dumping occurs when goods are exported:

• At prices above production costs

• Below normal value

• At a loss to the importing country

• Without tariff controls

A necessary precondition for anti-dumping action is:

• Material injury to domestic industry

• Import volume increase

• Absence of tariffs

• Decreased export rates

Which is an example of a non-tariff barrier?

• Tariff exemptions

• Import licensing procedures

• Free trade zones

• Currency devaluation