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

Related Mcqs:

In 1980 the U.S imposed export quotas on grain sold to the Soviet Union in response to its armed invasion of Afghanistan if other nations do not increase grain exports to the soviets all the following would likely occur except?

A. Grain prices would rise in the Soviet union B. Consumer surplus would decrease for the soviets C. Grains prices would rise in the united States D. Export revenues would decrease for U.S producers...

Concerning economic sanctions, export embargo induces greater losses in consumer surplus for the target country the?

A. lesser it initial dependence on foreign produce goods. B. more elastic the target country demand schedule C. greater then available output from alternative suppliers D. more in elastic the target country supply scheduleB....

________ are quotas that result in a total prohibition of trade?

A. embargoes B. tariff-rate quotas C. voluntary export restraints D. nontariff barriers...

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 … 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...

Economic sanctions?

A. are prohibited by the World Trade Organization B. affect international trade but not international financial flows C. involve restrictions on imports, but not exports D. involve restrictions in imports exports and or financial flows...