International Studies Final Quiz [Reviewer]

What is the purpose of the general exceptions in GATT and GATS?

• To limit trade between nations

• To allow legitimate and important policy objectives

• To enforce strict trade laws

• To prevent non-tariff barriers

The SPS Agreement requires measures to be applied in what manner?

• Arbitrary and strict

• Necessary and non-discriminatory

• Based on member preferences

• With minimal transparency

What does the Agreement on Agriculture aim to establish?

• Quota systems for key agricultural products

• Market-oriented agricultural trading system

• Exclusive rights for domestic producers

• Ban on agricultural exports

Which WTO Agreement governs the application of anti-dumping measures?

• Agreement on Technical Barriers to Trade

• Agreement on Implementation of Article VI

• Agreement on Rules of Origin

• Agreement on Subsidies and Countervailing Measures

What are the two steps in the "two-tier analysis" for justifying a measure under Articles XX or XIV?

• Define the terms and apply them

• Identify the objectives and assess discrimination

• Check compliance with a subparagraph and the chapeau requirements

• Determine necessity and review enforcement

Which of the following is NOT considered when determining "normal value" (NV)?

• Price in the home market above the cost of production

• Price in third-country markets above cost

• Cost of production plus administrative and profit margins

• Subsidized price set by the exporting government

What is the definition of dumping under the ADA?

• Exporting goods at a price higher than domestic value

• Selling goods in a foreign market below normal value

• Importing goods at a reduced tariff

• Exporting goods with additional subsidies

The WTO Agreement on Import Licensing Procedures aims to what?

• Abolish all import licensing

• Ensure fair and non-discriminatory application of licensing procedures

• Impose quotas on import licenses

• Delay the processing of imports

What is a key purpose of PSI in developing countries?

• Promote dumping

• Prevent capital flight and fraud

• Increase export subsidies

• Eliminate tariffs

Which of the following best describes the role of PSI agencies?

• To replace government customs departments

• To inspect imports for quality, quantity, and price compliance

• To provide subsidies to exporting members

• To negotiate free trade agreements