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Page 59
POINTS:
1
DIFFICULTY:
Easy
QUESTION TYPE:
Multiple Choice
HAS VARIABLES:
False
NATIONAL STANDARDS:
United States – BUSPROG: Promotion – BUSPROG: Analytic
STATE STANDARDS:
United States – PA – DISC: International trade and fi – DISC: International trade and finance
TOPICS:
World Trade Organization
KEYWORDS:
BLOOM’S: Remember
DATE CREATED:
7/5/2016 2:37 AM
DATE MODIFIED:
7/5/2016 2:41 AM
144. For the United States, countervailing duty cases consist of allegations of
a.
foreign impediments to American exports
b.
dumping by foreign exporting companies
c.
foreign export subsidies
d.
monopoly pricing by foreign importing companies
ANSWER:
c
POINTS:
1
DIFFICULTY:
Easy
QUESTION TYPE:
Multiple Choice
HAS VARIABLES:
False
NATIONAL STANDARDS:
United States – BUSPROG: Promotion – BUSPROG: Analytic
STATE STANDARDS:
United States – PA – DISC: International trade and fi – DISC: International trade and finance
TOPICS:
Safeguards (the Escape Clause): Emergency Protection from Imports
KEYWORDS:
BLOOM’S: Remember
DATE CREATED:
7/5/2016 2:51 AM
DATE MODIFIED:
7/5/2016 2:53 AM
145. Under the World Trade Organization, the most recent round of multilateral trade negotiations was the
a.
Uruguay Round
b.
Doha Round
c.
Nixon Round
d.
Kennedy Round
ANSWER:
b
POINTS:
1
DIFFICULTY:
Easy
QUESTION TYPE:
Multiple Choice
HAS VARIABLES:
False
NATIONAL STANDARDS:
United States – BUSPROG: Promotion – BUSPROG: Analytic
STATE STANDARDS:
United States – PA – DISC: International trade and fi – DISC: International trade and finance
TOPICS:
General Agreement on Tariffs and Trade
KEYWORDS:
BLOOM’S: Remember
DATE CREATED:
7/5/2016 2:53 AM
DATE MODIFIED:
7/5/2016 2:56 AM
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146. About how many nations are members of the World Trade Organization?
a.
b.
c.
d.
ANSWER:
d
POINTS:
1
DIFFICULTY:
Easy
QUESTION TYPE:
Multiple Choice
HAS VARIABLES:
False
NATIONAL STANDARDS:
United States – BUSPROG: Promotion – BUSPROG: Analytic
STATE STANDARDS:
United States – PA – DISC: International trade and fi – DISC: International trade and finance
TOPICS:
World Trade Organization
KEYWORDS:
BLOOM’S: Remember
DATE CREATED:
7/5/2016 2:57 AM
DATE MODIFIED:
7/5/2016 3:01 AM
147. Which is one type of trade liberalization favored by the World Trade Organization?
a.
more efficient use of strategic trade policy
b.
replacing import tariffs with import quotas
c.
decreases in agricultural subsidies that distort trade
d.
the establishment of local content laws to attract foreign investment
ANSWER:
c
POINTS:
1
DIFFICULTY:
Moderate
QUESTION TYPE:
Multiple Choice
HAS VARIABLES:
False
NATIONAL STANDARDS:
United States – BUSPROG: Promotion – BUSPROG: Analytic
STATE STANDARDS:
United States – PA – DISC: International trade and fi – DISC: International trade and finance
TOPICS:
World Trade Organization
KEYWORDS:
BLOOM’S: Understand
DATE CREATED:
7/5/2016 3:01 AM
DATE MODIFIED:
7/5/2016 3:04 AM
148. Which international organization meets on a regular basis to establish rules for international commerce?
a.
North American Free Trade Agreement
b.
World Bank
c.
International Monetary Fund
d.
World Trade Organization
ANSWER:
d
POINTS:
1
DIFFICULTY:
Moderate
QUESTION TYPE:
Multiple Choice
HAS VARIABLES:
False
NATIONAL STANDARDS:
United States – BUSPROG: Promotion – BUSPROG: Analytic
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STATE STANDARDS:
United States – PA – DISC: International trade and fi – DISC: International trade and finance
TOPICS:
World Trade Organization
KEYWORDS:
BLOOM’S: Understand
DATE CREATED:
7/5/2016 3:04 AM
DATE MODIFIED:
7/5/2016 3:06 AM
149. The primary objective of the World Trade Organization is to
a.
maximize tariff revenue for developing-country governments
b.
promote bilateral trade negotiations among nations
c.
liberalize international trade among member countries
d.
increase the protection of firms and workers against foreign competition
ANSWER:
c
POINTS:
1
DIFFICULTY:
Easy
QUESTION TYPE:
Multiple Choice
HAS VARIABLES:
False
NATIONAL STANDARDS:
United States – BUSPROG: Promotion – BUSPROG: Analytic
STATE STANDARDS:
United States – PA – DISC: International trade and fi – DISC: International trade and finance
TOPICS:
World Trade Organization
KEYWORDS:
BLOOM’S: Remember
DATE CREATED:
7/5/2016 3:06 AM
DATE MODIFIED:
7/5/2016 3:08 AM
150. Some environmentalists in industrial countries fear that the rules of international trade under the World Trade
Organization
a.
increase the development of renewable energies
b.
improve the water and air quality of member nations
c.
lead to the planting of more trees
d.
erode the environmental standards of member nations
ANSWER:
d
POINTS:
1
DIFFICULTY:
Easy
QUESTION TYPE:
Multiple Choice
HAS VARIABLES:
False
NATIONAL STANDARDS:
United States – BUSPROG: Promotion – BUSPROG: Analytic
STATE STANDARDS:
United States – PA – DISC: International trade and fi – DISC: International trade and finance
TOPICS:
World Trade Organization
KEYWORDS:
BLOOM’S: Understand
DATE CREATED:
7/5/2016 3:09 AM
DATE MODIFIED:
7/5/2016 3:10 AM
151. According to some labor unions in advanced countries such as Canada and the United States, the international
trade rules of the World Trade Organization could result in
a.
increases in the safety of workers
b.
increase the productivity of workers
c.
higher earnings and profits for business
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d.
reductions in job protections for workers
ANSWER:
d
POINTS:
1
DIFFICULTY:
Moderate
QUESTION TYPE:
Multiple Choice
HAS VARIABLES:
False
NATIONAL STANDARDS:
United States – BUSPROG: Promotion – BUSPROG: Analytic
STATE STANDARDS:
United States – PA – DISC: Labor markets
TOPICS:
World Trade Organization
KEYWORDS:
BLOOM’S: Understand
DATE CREATED:
7/5/2016 3:11 AM
DATE MODIFIED:
7/5/2016 3:13 AM
152. If higher labor standards were implemented as a condition for support of more liberal trade rules of the World Trade
Organization, such policies could
a.
help labor in advanced countries but harm labor in developing countries
b.
help labor in developing countries but harm labor in advanced countries
c.
help labor in advanced countries and developing countries
d.
harm labor in advanced countries and developing countries
ANSWER:
a
POINTS:
1
DIFFICULTY:
Challenging
QUESTION TYPE:
Multiple Choice
HAS VARIABLES:
False
NATIONAL STANDARDS:
United States – BUSPROG: Promotion – BUSPROG: Analytic
STATE STANDARDS:
United States – PA – DISC: Labor markets
TOPICS:
World Trade Organization
KEYWORDS:
BLOOM’S: Understand
DATE CREATED:
7/5/2016 3:13 AM
DATE MODIFIED:
7/5/2016 3:15 AM
153. As a condition for the World Trade Organization’s enactment of new policies, developing countries pressure the
World Trade Organization for
a.
more stringent environmental-protection policies in advanced countries
b.
additional expenditures on policies to protect intellectual property
c.
import tariff reductions in advanced countries
d.
domestic content laws in advanced countries
ANSWER:
c
POINTS:
1
DIFFICULTY:
Challenging
QUESTION TYPE:
Multiple Choice
HAS VARIABLES:
False
NATIONAL STANDARDS:
United States – BUSPROG: Promotion – BUSPROG: Analytic
STATE STANDARDS:
United States – PA – DISC: International trade and fi – DISC: International trade and finance
TOPICS:
General Agreement on Tariffs and Trade
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KEYWORDS:
BLOOM’S: Understand
DATE CREATED:
7/5/2016 3:16 AM
DATE MODIFIED:
7/5/2016 3:18 AM
154. The World Trade Organization
a.
consists of the World Bank and the International Monetary Fund
b.
is intended to promote bilateral trade negotiations between two countries
c.
attempts to use world trade rules to help resolve trade disputes among member countries
d.
promotes international trade by granting loan guarantees to foreign customers who make purchases on credit
ANSWER:
c
POINTS:
1
DIFFICULTY:
Moderate
QUESTION TYPE:
Multiple Choice
HAS VARIABLES:
False
NATIONAL STANDARDS:
United States – BUSPROG: Promotion – BUSPROG: Analytic
STATE STANDARDS:
United States – PA – DISC: International trade and fi – DISC: International trade and finance
TOPICS:
General Agreement on Tariffs and Trade
KEYWORDS:
BLOOM’S: Understand
DATE CREATED:
7/5/2016 3:18 AM
DATE MODIFIED:
7/5/2016 3:20 AM
155. The ______ was created to administer the provisions of multilateral trade agreements, to resolve international trade
disagreements, and to meet periodically to consider new trade liberalization agreements
a.
North American Free Trade Agreement (NAFTA)
b.
European Union (EU)
c.
World Bank
d.
World Trade Organization
ANSWER:
d
POINTS:
1
DIFFICULTY:
Moderate
QUESTION TYPE:
Multiple Choice
HAS VARIABLES:
False
NATIONAL STANDARDS:
United States – BUSPROG: Promotion – BUSPROG: Analytic
STATE STANDARDS:
United States – PA – DISC: International trade and fi – DISC: International trade and finance
TOPICS:
World Trade Organization
KEYWORDS:
BLOOM’S: Understand
DATE CREATED:
7/5/2016 3:20 AM
DATE MODIFIED:
7/5/2016 3:22 AM
156. Who is most likely to support the mission of the World Trade Organization?
a.
proponents of protectionist trade barriers such as import quotas
b.
proponents of free trade based on comparative advantage
c.
extreme environmentalists
d.
those desiring anarchy as the new global order
ANSWER:
b
POINTS:
1
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Page 64
DIFFICULTY:
Moderate
QUESTION TYPE:
Multiple Choice
HAS VARIABLES:
False
NATIONAL STANDARDS:
United States – BUSPROG: Promotion – BUSPROG: Analytic
STATE STANDARDS:
United States – PA – DISC: International trade and fi – DISC: International trade and finance
TOPICS:
World Trade Organization
KEYWORDS:
BLOOM’S: Understand
DATE CREATED:
7/5/2016 3:23 AM
DATE MODIFIED:
7/5/2016 3:24 AM
157. Critics of the World Trade Organization maintain that liberalized trade can result in
a.
environmental degradation
b.
lower wages paid to workers
c.
business firms avoiding labor protections such as workplace safety
d.
all of the above
ANSWER:
d
POINTS:
1
DIFFICULTY:
Easy
QUESTION TYPE:
Multiple Choice
HAS VARIABLES:
False
NATIONAL STANDARDS:
United States – BUSPROG: Promotion – BUSPROG: Analytic
STATE STANDARDS:
United States – PA – DISC: International trade and fi – DISC: International trade and finance
TOPICS:
World Trade Organization
KEYWORDS:
BLOOM’S: Understand
DATE CREATED:
7/5/2016 3:25 AM
DATE MODIFIED:
7/5/2016 3:27 AM
158. The purpose of the U.S. Trade Adjustment Assistance Program is to
a.
provide production subsidies to American exporting companies
b.
protect American jobs and wages by imposing import tariffs and quotas
c.
provide benefits to American workers who are dislocated because of international trade
d.
provide price supports for American farmers harmed by international trade
ANSWER:
c
POINTS:
1
DIFFICULTY:
Easy
QUESTION TYPE:
Multiple Choice
HAS VARIABLES:
False
NATIONAL STANDARDS:
United States – BUSPROG: Promotion – BUSPROG: Analytic
STATE STANDARDS:
United States – PA – DISC: Labor markets
TOPICS:
Trade Adjustment Assistance
KEYWORDS:
BLOOM’S: Understand
DATE CREATED:
7/5/2016 3:27 AM
DATE MODIFIED:
7/5/2016 3:30 AM
159. Advocates of the U.S. Trade Adjustment Assistance Program maintain that it
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Page 65
a.
allows the U.S. government to subsidize firms with comparative advantages
b.
decreases the prices of imports that compete with American-produced goods
c.
increases the political acceptances of efforts to reduce trade barriers
d.
allows the United States to be a net exporter of oil and natural gas
ANSWER:
c
POINTS:
1
DIFFICULTY:
Moderate
QUESTION TYPE:
Multiple Choice
HAS VARIABLES:
False
NATIONAL STANDARDS:
United States – BUSPROG: Promotion – BUSPROG: Analytic
STATE STANDARDS:
United States – PA – DISC: International trade and fi – DISC: International trade and finance
TOPICS:
Trade Adjustment Assistance
KEYWORDS:
BLOOM’S: Understand
DATE CREATED:
7/5/2016 3:30 AM
DATE MODIFIED:
7/5/2016 3:33 AM
160. Critics of the U.S. Trade Adjustment Assistance Program argue that
a.
it increases the prices of goods and services that are imported by Americans
b.
it encourages American companies to outsource more of their production overseas
c.
it lessens the desire to American firms to invest in new technologies to improve their competitiveness
d.
American workers whose jobs are displaced by imports are no more deserving of aid than other Americans
suffering job losses
ANSWER:
d
POINTS:
1
DIFFICULTY:
Moderate
QUESTION TYPE:
Multiple Choice
HAS VARIABLES:
False
NATIONAL STANDARDS:
United States – BUSPROG: Promotion – BUSPROG: Analytic
STATE STANDARDS:
United States – PA – DISC: Labor markets
TOPICS:
Trade Adjustment Assistance
KEYWORDS:
BLOOM’S: Understand
DATE CREATED:
7/5/2016 3:33 AM
DATE MODIFIED:
7/5/2016 3:36 AM
161. Assume that trade restrictions are adopted by a country. The World Trade Organization would generally prefer a
tariff to a quota because a tariff is more easily seen and its trade effects are more easily determined.
a.
True
b.
False
ANSWER:
True
POINTS:
1
DIFFICULTY:
Moderate
QUESTION TYPE:
True / False
HAS VARIABLES:
False
NATIONAL STANDARDS:
United States – BUSPROG: Promotion – BUSPROG: Analytic
STATE STANDARDS:
United States – PA – DISC: International trade and fi – DISC: International trade and finance
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TOPICS:
World Trade Organization
KEYWORDS:
BLOOM’S: Understand
DATE CREATED:
7/5/2016 3:36 AM
DATE MODIFIED:
7/5/2016 3:40 AM
162. One of the achievements of the Uruguay Round was the formation of the World Trade Organization.
a.
True
b.
False
ANSWER:
True
POINTS:
1
DIFFICULTY:
Easy
QUESTION TYPE:
True / False
HAS VARIABLES:
False
NATIONAL STANDARDS:
United States – BUSPROG: Promotion – BUSPROG: Analytic
STATE STANDARDS:
United States – PA – DISC: International trade and fi – DISC: International trade and finance
TOPICS:
World Trade Organization
KEYWORDS:
BLOOM’S: Understand
DATE CREATED:
7/5/2016 3:40 AM
DATE MODIFIED:
7/5/2016 3:42 AM
163. Safeguard protection (the escape clause) applies to permanent protection provided to home industries encountering
competition from unfairly traded foreign goods.
a.
True
b.
False
ANSWER:
False
POINTS:
1
DIFFICULTY:
Easy
QUESTION TYPE:
True / False
HAS VARIABLES:
False
NATIONAL STANDARDS:
United States – BUSPROG: Promotion – BUSPROG: Analytic
STATE STANDARDS:
United States – PA – DISC: International trade and fi – DISC: International trade and finance
TOPICS:
Safeguards (the Escape Clause): Emergency Protection from Imports
KEYWORDS:
BLOOM’S: Understand
DATE CREATED:
7/5/2016 3:43 AM
DATE MODIFIED:
7/5/2016 3:44 AM
164. Regarding the overall welfare of an importing country, dumping is beneficial to the country.
a.
True
b.
False
ANSWER:
True
POINTS:
1
DIFFICULTY:
Easy
QUESTION TYPE:
True / False
HAS VARIABLES:
False
NATIONAL STANDARDS:
United States – BUSPROG: Promotion – BUSPROG: Analytic
STATE STANDARDS:
United States – PA – DISC: International trade and fi – DISC: International trade and finance
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Page 67
TOPICS:
Antidumping Duties: Protection against Foreign Dumping
KEYWORDS:
BLOOM’S: Remember
DATE CREATED:
7/5/2016 3:45 AM
DATE MODIFIED:
7/5/2016 3:47 AM
165. The Smoot-Hawley Tariff Act of 1930 cut U.S. import tariffs to record low levels.
a.
True
b.
False
ANSWER:
False
POINTS:
1
DIFFICULTY:
Easy
QUESTION TYPE:
True / False
HAS VARIABLES:
False
NATIONAL STANDARDS:
United States – BUSPROG: Promotion – BUSPROG: Analytic
STATE STANDARDS:
United States – PA – DISC: International trade and fi – DISC: International trade and finance
TOPICS:
Smoot–Hawley Act
KEYWORDS:
BLOOM’S: Remember
DATE CREATED:
7/5/2016 3:48 AM
DATE MODIFIED:
7/5/2016 3:49 AM
166. Under U.S. trade law, safeguards (the escape clause) allow for the setting of trade restrictions on unfairly traded
products that harm American producers.
a.
True
b.
False
ANSWER:
False
POINTS:
1
DIFFICULTY:
Easy
QUESTION TYPE:
True / False
HAS VARIABLES:
False
NATIONAL STANDARDS:
United States – BUSPROG: Promotion – BUSPROG: Analytic
STATE STANDARDS:
United States – PA – DISC: International trade and fi – DISC: International trade and finance
TOPICS:
Safeguards (the Escape Clause): Emergency Protection from Imports
KEYWORDS:
BLOOM’S: Remember
DATE CREATED:
7/5/2016 3:50 AM
DATE MODIFIED:
7/5/2016 3:52 AM
167. Critics of the U.S. Trade Adjustment Assistance Program contend that it results in American companies exiting
industries that are competitive in world markets.
a.
True
b.
False
ANSWER:
False
POINTS:
1
DIFFICULTY:
Moderate
QUESTION TYPE:
True / False
HAS VARIABLES:
False
NATIONAL STANDARDS:
United States – BUSPROG: Promotion – BUSPROG: Analytic
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Page 68
STATE STANDARDS:
United States – PA – DISC: International trade and fi – DISC: International trade and finance
TOPICS:
Trade Adjustment Assistance
KEYWORDS:
BLOOM’S: Understand
DATE CREATED:
7/5/2016 4:47 AM
DATE MODIFIED:
7/5/2016 4:50 AM
168. Advocates of the U.S. Trade Adjustment Assistance Program argue that it allows American farmers to maintain
prices that are higher than that which would occur under free trade.
a.
True
b.
False
ANSWER:
False
POINTS:
1
DIFFICULTY:
Easy
QUESTION TYPE:
True / False
HAS VARIABLES:
False
NATIONAL STANDARDS:
United States – BUSPROG: Promotion – BUSPROG: Analytic
STATE STANDARDS:
United States – PA – DISC: Costs of production
TOPICS:
Trade Adjustment Assistance
KEYWORDS:
BLOOM’S: Understand
DATE CREATED:
7/5/2016 4:51 AM
DATE MODIFIED:
7/5/2016 4:58 AM
169. The effect of antidumping duties is to impose a floor on the price of foreign goods that are imported by the home
country.
a.
True
b.
False
ANSWER:
True
POINTS:
1
DIFFICULTY:
Easy
QUESTION TYPE:
True / False
HAS VARIABLES:
False
NATIONAL STANDARDS:
United States – BUSPROG: Promotion – BUSPROG: Analytic
STATE STANDARDS:
United States – PA – DISC: International trade and fi – DISC: International trade and finance
TOPICS:
Antidumping Duties: Protection against Foreign Dumping
KEYWORDS:
BLOOM’S: Remember
DATE CREATED:
7/5/2016 4:58 AM
DATE MODIFIED:
7/5/2016 5:00 AM
170. Under U.S. trade law, foreign export subsidies and dumping are illegal in American markets.
a.
True
b.
False
ANSWER:
True
POINTS:
1
DIFFICULTY:
Easy
QUESTION TYPE:
True / False
HAS VARIABLES:
False
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Page 69
NATIONAL STANDARDS:
United States – BUSPROG: Promotion – BUSPROG: Analytic
STATE STANDARDS:
United States – PA – DISC: International trade and fi – DISC: International trade and finance
TOPICS:
Antidumping Duties: Protection against Foreign Dumping
KEYWORDS:
BLOOM’S: Remember
DATE CREATED:
7/5/2016 5:01 AM
DATE MODIFIED:
7/5/2016 5:04 AM
171. In 1995, the General Agreement on Tariffs and Trade replaced the World Trade Organization as the body for
governing the conduct of trade relations among member countries.
a.
True
b.
False
ANSWER:
False
POINTS:
1
DIFFICULTY:
Easy
QUESTION TYPE:
True / False
HAS VARIABLES:
False
NATIONAL STANDARDS:
United States – BUSPROG: Promotion – BUSPROG: Analytic
STATE STANDARDS:
United States – PA – DISC: International trade and fi – DISC: International trade and finance
TOPICS:
General Agreement on Tariffs and Trade
KEYWORDS:
BLOOM’S: Remember
DATE CREATED:
7/5/2016 5:04 AM
DATE MODIFIED:
7/5/2016 5:10 AM
172. The Doha Round of trade negotiations, sponsored by the World Trade Organization, addressed both tariffs and
nontariff trade barriers.
a.
True
b.
False
ANSWER:
True
POINTS:
1
DIFFICULTY:
Easy
QUESTION TYPE:
True / False
HAS VARIABLES:
False
NATIONAL STANDARDS:
United States – BUSPROG: Promotion – BUSPROG: Analytic
STATE STANDARDS:
United States – PA – DISC: International trade and fi – DISC: International trade and finance
TOPICS:
General Agreement on Tariffs and Trade
KEYWORDS:
BLOOM’S: Understand
DATE CREATED:
7/5/2016 5:07 AM
DATE MODIFIED:
7/5/2016 5:08 AM
173. If fast track authority is approved and trade negotiations are completed, Congress must vote on the agreement
(without amendment) within 90 legislative days of submission.
a.
True
b.
False
ANSWER:
True
POINTS:
1
DIFFICULTY:
Easy
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Page 70
QUESTION TYPE:
True / False
HAS VARIABLES:
False
NATIONAL STANDARDS:
United States – BUSPROG: Promotion – BUSPROG: Analytic
STATE STANDARDS:
United States – PA – DISC: International trade and fi – DISC: International trade and finance
TOPICS:
Trade Promotion Authority (Fast Track Authority)
KEYWORDS:
BLOOM’S: Remember
DATE CREATED:
7/5/2016 5:09 AM
DATE MODIFIED:
7/5/2016 5:09 AM
174. The United States has often regarded China as a major violator of intellectual property laws.
a.
True
b.
False
ANSWER:
True
POINTS:
1
DIFFICULTY:
Easy
QUESTION TYPE:
True / False
HAS VARIABLES:
False
NATIONAL STANDARDS:
United States – BUSPROG: Promotion – BUSPROG: Analytic
STATE STANDARDS:
United States – PA – DISC: The role of government
TOPICS:
Protection of Intellectual Property Rights
KEYWORDS:
BLOOM’S: Remember
DATE CREATED:
7/5/2016 5:12 AM
DATE MODIFIED:
7/5/2016 5:14 AM
175. For the United States, the trade adjustment assistance program is founded on the rationale that if society enjoys
welfare gains from the increased efficiency stemming from trade liberalization, compensation should be provided for
those who are injured by import competition.
a.
True
b.
False
ANSWER:
True
POINTS:
1
DIFFICULTY:
Easy
QUESTION TYPE:
True / False
HAS VARIABLES:
False
NATIONAL STANDARDS:
United States – BUSPROG: Promotion – BUSPROG: Analytic
STATE STANDARDS:
United States – PA – DISC: International trade and fi – DISC: International trade and finance
TOPICS:
Trade Adjustment Assistance
KEYWORDS:
BLOOM’S: Remember
DATE CREATED:
7/5/2016 5:14 AM
DATE MODIFIED:
7/5/2016 5:16 AM
176. The purpose of the U.S. Export-Import Bank is to provide subsidized loans to American import-competing
producers.
a.
True
b.
False
ANSWER:
False
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Page 71
POINTS:
1
DIFFICULTY:
Easy
QUESTION TYPE:
True / False
HAS VARIABLES:
False
NATIONAL STANDARDS:
United States – BUSPROG: Promotion – BUSPROG: Analytic
STATE STANDARDS:
United States – PA – DISC: International trade and fi – DISC: International trade and finance
TOPICS:
Industrial Policies of the United States
KEYWORDS:
BLOOM’S: Remember
DATE CREATED:
7/5/2016 5:16 AM
DATE MODIFIED:
7/5/2016 5:17 AM
177. Delta Airlines and Southwest Airlines have been critics of the U.S. Export-Import Bank. They maintain that,
because they are American companies, they cannot benefit from the Bank’s export subsidies. However, their foreign rivals
do benefit from the Bank’s export subsidies.
a.
True
b.
False
ANSWER:
True
POINTS:
1
DIFFICULTY:
Easy
QUESTION TYPE:
True / False
HAS VARIABLES:
False
NATIONAL STANDARDS:
United States – BUSPROG: Promotion – BUSPROG: Analytic
STATE STANDARDS:
United States – PA – DISC: International trade and fi – DISC: International trade and finance
TOPICS:
Industrial Policies of the United States
KEYWORDS:
BLOOM’S: Remember
DATE CREATED:
7/5/2016 5:18 AM
DATE MODIFIED:
7/5/2016 5:19 AM
178. Predatory dumping is a widely used practice by American companies.
a.
True
b.
False
ANSWER:
False
POINTS:
1
DIFFICULTY:
Moderate
QUESTION TYPE:
True / False
HAS VARIABLES:
False
NATIONAL STANDARDS:
United States – BUSPROG: Promotion – BUSPROG: Analytic
STATE STANDARDS:
United States – PA – DISC: International trade and fi – DISC: International trade and finance
TOPICS:
Antidumping Duties: Protection against Foreign Dumping
KEYWORDS:
BLOOM’S: Understand
DATE CREATED:
7/5/2016 5:20 AM
DATE MODIFIED:
7/5/2016 5:21 AM
179. According to U.S. trade law, trade restrictions can be imposed against both unfairly and fairly traded foreign goods.
a.
True
b.
False
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ANSWER:
True
POINTS:
1
DIFFICULTY:
Moderate
QUESTION TYPE:
True / False
HAS VARIABLES:
False
NATIONAL STANDARDS:
United States – BUSPROG: Promotion – BUSPROG: Analytic
STATE STANDARDS:
United States – PA – DISC: International trade and fi – DISC: International trade and finance
TOPICS:
Safeguards (the Escape Clause): Emergency Protection from Imports
KEYWORDS:
BLOOM’S: Understand
DATE CREATED:
7/5/2016 5:21 AM
DATE MODIFIED:
7/5/2016 5:23 AM
180. Successful international economic sanctions imposed against a target country are likely to be more successful when
there is a small number of countries imposing the sanctions.
a.
True
b.
False
ANSWER:
False
POINTS:
1
DIFFICULTY:
Easy
QUESTION TYPE:
True / False
HAS VARIABLES:
False
NATIONAL STANDARDS:
United States – BUSPROG: Promotion – BUSPROG: Analytic
STATE STANDARDS:
United States – PA – DISC: International trade and fi – DISC: International trade and finance
TOPICS:
Economic Sanctions
KEYWORDS:
BLOOM’S: Remember
DATE CREATED:
7/5/2016 5:23 AM
DATE MODIFIED:
7/5/2016 5:25 AM
181. Responding to Russia’s annexation of Crimea in 2014, the United States and its allies imposed economic sanctions
against Russia.
a.
True
b.
False
ANSWER:
True
POINTS:
1
DIFFICULTY:
Easy
QUESTION TYPE:
True / False
HAS VARIABLES:
False
NATIONAL STANDARDS:
United States – BUSPROG: Promotion – BUSPROG: Analytic
STATE STANDARDS:
United States – PA – DISC: International trade and fi – DISC: International trade and finance
TOPICS:
Economic Sanctions
KEYWORDS:
BLOOM’S: Remember
DATE CREATED:
7/5/2016 5:25 AM
DATE MODIFIED:
7/5/2016 5:26 AM
182. Under the World Trade Organization, when countries agree to open their markets for goods or services, they will
“bind” their commitments. These bindings amount to ceilings on import tariff rates.
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a.
True
b.
False
ANSWER:
True
POINTS:
1
DIFFICULTY:
Easy
QUESTION TYPE:
True / False
HAS VARIABLES:
False
NATIONAL STANDARDS:
United States – BUSPROG: Promotion – BUSPROG: Analytic
STATE STANDARDS:
United States – PA – DISC: International trade and fi – DISC: International trade and finance
TOPICS:
General Agreement on Tariffs and Trade
KEYWORDS:
BLOOM’S: Remember
DATE CREATED:
7/5/2016 5:27 AM
DATE MODIFIED:
7/5/2016 5:28 AM
183. The World Trade Organization primarily involves bilateral trade negotiations between two countries, say, the United
States and China.
a.
True
b.
False
ANSWER:
False
POINTS:
1
DIFFICULTY:
Moderate
QUESTION TYPE:
True / False
HAS VARIABLES:
False
NATIONAL STANDARDS:
United States – BUSPROG: Promotion – BUSPROG: Analytic
STATE STANDARDS:
United States – PA – DISC: International trade and fi – DISC: International trade and finance
TOPICS:
World Trade Organization
KEYWORDS:
BLOOM’S: Understand
DATE CREATED:
7/5/2016 5:28 AM
DATE MODIFIED:
7/5/2016 5:30 AM
184. Normal trade relations (the most favored nation clause) tends to result in discriminatory treatment regarding tariff
reductions among nations.
a.
True
b.
False
ANSWER:
False
POINTS:
1
DIFFICULTY:
Easy
QUESTION TYPE:
True / False
HAS VARIABLES:
False
NATIONAL STANDARDS:
United States – BUSPROG: Promotion – BUSPROG: Analytic
STATE STANDARDS:
United States – PA – DISC: International trade and fi – DISC: International trade and finance
TOPICS:
Reciprocal Trade Agreements Act
KEYWORDS:
BLOOM’S: Remember
DATE CREATED:
7/5/2016 5:31 AM
DATE MODIFIED:
7/5/2016 5:32 AM
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185. In the early 1800s, southern states pressed for free trade so that they could buy cheaper foreign manufactured goods
in exchange for their agricultural goods.
a.
True
b.
False
ANSWER:
True
POINTS:
1
DIFFICULTY:
Moderate
QUESTION TYPE:
True / False
HAS VARIABLES:
False
NATIONAL STANDARDS:
United States – BUSPROG: Promotion – BUSPROG: Analytic
STATE STANDARDS:
United States – PA – DISC: International trade and fi – DISC: International trade and finance
TOPICS:
U.S. Tariff Policies before 1930
KEYWORDS:
BLOOM’S: Understand
DATE CREATED:
7/5/2016 5:33 AM
DATE MODIFIED:
7/5/2016 5:34 AM
186. One of the objectives of the World Trade Organization is to encourage a non-discriminatory trade environment.
a.
True
b.
False
ANSWER:
True
POINTS:
1
DIFFICULTY:
Easy
QUESTION TYPE:
True / False
HAS VARIABLES:
False
NATIONAL STANDARDS:
United States – BUSPROG: Promotion – BUSPROG: Analytic
STATE STANDARDS:
United States – PA – DISC: International trade and fi – DISC: International trade and finance
TOPICS:
World Trade Organization
KEYWORDS:
BLOOM’S: Remember
DATE CREATED:
7/5/2016 5:35 AM
DATE MODIFIED:
7/5/2016 5:36 AM
187. Critics of the World Trade Organization (WTO) argue that liberalized trade can result in environmental degradation
and business firms avoiding labor protections such as collective bargaining rights and workplace safety.
a.
True
b.
False
ANSWER:
True
POINTS:
1
DIFFICULTY:
Easy
QUESTION TYPE:
True / False
HAS VARIABLES:
False
NATIONAL STANDARDS:
United States – BUSPROG: Promotion – BUSPROG: Analytic
STATE STANDARDS:
United States – PA – DISC: International trade and fi – DISC: International trade and finance
TOPICS:
World Trade Organization
KEYWORDS:
BLOOM’S: Understand
DATE CREATED:
7/5/2016 5:40 AM
DATE MODIFIED:
7/5/2016 5:42 AM
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