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 ?

Related Mcqs:

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...

According to the United States ____ is the number one violator of intellectual property rights

A. Canada B. Australia C. Japan D. China...

Concerning dumping, which of the following is true ?

A. predatory dumping represents the most common form of dumping by U.S firms B. U.S firms can obtain protection from foreign dumping, even though this protection tends to harm overall U.S welfare C. dumping can never be a profit-maximizing strategy for U.S firms to pursue D. U.S firms rarely if ever, engage in distress dumping … Concerning dumping, which of the following is true ?Read More...

The result of antidumping tariffs is to ?

A. increase consumer surplus in the importing country B. decrease producer surplus in the importing country C. impose a price floor on foreign prices in the importing country D. impose a price ceiling on foreign price in the importing country...

The effect of the most favored nation (normal trade relations) clause is to ?

A. eliminate all tariffs between countries B. increase all tariffs between countries C. maintain a nondiscriminatory structure of tariffs D. maintain a discriminatory structure of tariffs...