Quiz tentang GATT

What is the main purpose of GATT?

• Increase protectionism in international trade

• Restrict international trade with high tariffs

• Regulate and reduce trade barriers between countries

• Eliminate domestic taxes on imported products

• Help developing countries to ban imports

The principle of 'Most-Favored Nation (MFN)' in GATT means…

• Countries must give the best treatment only to their trade allies

• All member countries must receive the same trade treatment

• Countries can choose which countries receive low tariffs

• Countries must provide subsidies to their main trading partners

• Countries are free to set import tariffs according to domestic policy

Which of the following is not a main principle of GATT?

• Non-discrimination

• Trade liberalization

• Transparency

• Strict protectionism

• Trade stability

What happened in 1995 related to GATT?

• GATT was replaced by WTO but its principles are still used

• GATT was abolished and is no longer used in international trade

• GATT was transformed into an organization that regulates world finance

• GATT only applies to developed countries

• GATT became part of the World Bank

The mechanism used by GATT to resolve trade disputes is…

• International arbitration

• Direct trade wars

• Dispute Resolution Mechanism

• Boycotting imported products

• Unilateral economic sanctions

GATT limits the use of import quotas because…

• Quotas can hinder free trade and create protectionism

• Quotas help increase exports from developing countries

• Quotas make it easier for countries to control supply in the market

• Quotas can replace tariffs in international trade

• Quotas are needed to accelerate economic growth

Countries can impose anti-dumping tariffs if…

• Imported goods are more expensive than domestic goods

• Imported products are sold cheaper than domestic market prices and harm local industry

• Imported products are taxed higher by the government

• Domestic products experience a significant price increase

• Countries want to protect their export products in international markets

The round of negotiations that resulted in the establishment of WTO is…

• Kennedy Round

• Tokyo Round

• Uruguay Round

• Doha Round

• Geneva Round

One of the positive impacts of GATT on international trade is…

• Increasing protectionism so that countries do not experience trade deficits

• Making it easier for countries to limit imports without strict rules

• Increasing global economic stability by reducing trade barriers

• Limiting the amount of exports from developed countries to developing countries

• Allowing countries to impose high taxes on all imported goods

Which of the following is an example of the 'National Treatment' principle in GATT?

• Imported goods are taxed higher than domestic goods

• Imported goods that have entered the domestic market must be treated the same as domestic goods

• Countries are free to set tariff policies according to their wishes

• Countries only provide special trade rights to friendly countries

• Domestic products must always be prioritized over imported products