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.Management Sciences
Category: Trade Regulations And Industrial Policies
The institutional framework developed in 1947 to promote trade liberalization is known sa?
A. the WTO
B. the GATT
C. the IMF
D. the World Bank
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?
A. increase
B. decrease
C. not change
D. None of These
The strongest political pressure for a trade policy that results in higher protectionism comes from?
A. domestic workers lobbying for import restriction
B. domestic workers lobbying for export restrictions
C. domestic consumers lobbying for export restrictions
D. domestic consumers lobbying for import restrictions
________ protection such as the escape clause, provide temporary protection to domestic industries facing competition from fairly traded foreign goods?
A. generalized system of preference
B. countervailing duty
C. domestic content
D. safeguards
The theory of suggests that government can assist domestic companies in capturing economic profits from foreign competitors ?
A. international dumping
B. countervailing duties
C. Strategic trade policy
D. export promotion policy
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
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 or persistent dumping
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
Under free trade suppose that Japan can supply radios t mexico at the price of $45 Therefore, Mexico’s imports equal ?
A. 5 radios
B. 10 radios
C. 15 radios
D. zero radios
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
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