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Economics Mcqs

The U.S has granted China permanent most favored nation treatment (normal trade relations) This means that the tariff schedules which apply to U.S imports from china ?

Economics Mcqs, Trade Regulations And Industrial Policies /
The U.S has granted China permanent most favored nation treatment (normal trade relations) This means that the tariff schedules which apply to U.S imports from china ?

A. have tariff rates equal to zero suggesting a free trade policy for the United States
B. have lower tariff rates than the rates that apply to any other country sending goods to the United States
C. have tariff rates that are identical to the rates that apply to other countries to which the U.S grants most-favored nation treatment
D. have lower tariff rates than the rates that apply to other countries to which the U.S grants most favored nation treatment

The U.S has granted China permanent most favored nation treatment (normal trade relations) This means that the tariff schedules which apply to U.S imports from china ? Read More »

Economics Mcqs, Trade Regulations And Industrial Policies

The organization that currently establishes rules of conduct for firms engaging in international trade is the ?

Economics Mcqs, Trade Regulations And Industrial Policies /
The organization that currently establishes rules of conduct for firms engaging in international trade is the ?

A. World Bank
B. International Trade Commission
C. Department of justice
D. World Trade Organization

The organization that currently establishes rules of conduct for firms engaging in international trade is the ? Read More »

Economics Mcqs, Trade Regulations And Industrial Policies

Which round of international trade negotiations resulted in the creation of the World Trade Organization ?

Economics Mcqs, Trade Regulations And Industrial Policies /
Which round of international trade negotiations resulted in the creation of the World Trade Organization ?

A. Kennedy Round of 1964-1967
B. Tokyo Round of 1973-1979
C. Uruguay Round of 1986-1993
D. Doha Round of 2003-2007

Which round of international trade negotiations resulted in the creation of the World Trade Organization ? Read More »

Economics Mcqs, Trade Regulations And Industrial Policies

Suppose that Russia steel firms engage in dumping in the German market in terms of overall economic welfare, German welfare would _______ as the result of the dumping?

Economics Mcqs, Trade Regulations And Industrial Policies /
Suppose that Russia steel firms engage in dumg in the German market in terms of overall economic welfare, German welfare would _______ as the result of the dumg?

A. increase
B. decrease
C. not change
D. None of These

Suppose that Russia steel firms engage in dumping in the German market in terms of overall economic welfare, German welfare would _______ as the result of the dumping? Read More »

Economics Mcqs, Trade Regulations And Industrial Policies

Following World War II the United States and other countries sought to liberalize trade among each other the first major postwar step toward trade liberalization was the ?

Economics Mcqs, Trade Regulations And Industrial Policies /
Following World War II the United States and other countries sought to liberalize trade among each other the first major postwar step toward trade liberalization was the ?

A. General Agreement on Tariffs and Trade
B. World Trade Organization
C. Smoot Hawley Organization
D. McKinley Agreement on Trade policy

Following World War II the United States and other countries sought to liberalize trade among each other the first major postwar step toward trade liberalization was the ? Read More »

Economics Mcqs, Trade Regulations And Industrial Policies

All of the following are fundamental to the World Trade Organization except ?

Economics Mcqs, Trade Regulations And Industrial Policies /
All of the following are fundamental to the World Trade Organization except ?

A. bilateral tariff reductions to promote trade liberalization
B. the use of the most-favored nation clause (normal trade relations)
C. nondiscrimination in trading relationships
D. the prohibition of import quotas and export quotas

All of the following are fundamental to the World Trade Organization except ? Read More »

Economics Mcqs, Trade Regulations And Industrial Policies

To help its firms penetrate Mexico’s radio market suppose the Japanese government provides them a subsidy of $15 for each radio shipped to Mexico As a result of this trade policy ?

Economics Mcqs, Trade Regulations And Industrial Policies /
To help its firms penetrate Mexico’s radio market suppose the Japanese government provides them a subsidy of $15 for each radio shipped to Mexico As a result of this trade policy ?

A. The price of radios in Mexico equals $60 and its imports equal 30 radios
B. The price of radios in Mexico equals $30 and its imports equal 30 radios
C. The price of radios in Mexico equals $40 and its imports equals 20 radios
D. Th price of radios in Mexico equals $20 and its imports equal 40 radios

To help its firms penetrate Mexico’s radio market suppose the Japanese government provides them a subsidy of $15 for each radio shipped to Mexico As a result of this trade policy ? Read More »

Economics Mcqs, Trade Regulations And Industrial Policies

Countervailing duties levied by the U.S government are imposed to offset ?

Economics Mcqs, Trade Regulations And Industrial Policies /
Countervailing duties levied by the U.S government are imposed to offset ?

A. foreign dumg of goods in the U.S
B. subsidies granted to foreign firms that export to the U.S
C. buy national policies of foreign government
D. stringent environmental regulations of foreign government s

Countervailing duties levied by the U.S government are imposed to offset ? Read More »

Economics Mcqs, Trade Regulations And Industrial Policies