119. Which of the following is a loopholes in antidumping laws that is being exploited by many
countries to pursue protectionism?
120. Myra is a firm producing premium hand bags for women. These bags are manufactured
and patented in the country of Ceria. Manufactures in the country of Argonia create counterfeit
Myra bags and sell them in the local markets of Argonia. These bags are sold at almost similar
prices to the original in other countries. According to the given info, which of the following is
likely to happen?
121. _____ are the highest rate that can be charged, which is often, but not always, the rate
that is charged.
122. Which of the following has been excluded from the agenda for the Doha round of WTO
talks that began in 2001?
123. The threat of antidumping action :
124. Are tariffs levied only on imports?
125. What conclusions can be derived from economic analysis of the effect of import tariffs?
126. What is a voluntary export restraint? Why do exporting countries agree to VERs? Explain
with an example.
127. Explain with an example the administrative trade policies used by the governments in
addition to the formal instruments of trade policy.
128. What are the political arguments for government intervention into international trade?
129. Describe briefly, with examples, the use of trade policies by governments to support their
foreign policy objectives.
130. What is the “infant industry argument”? What are its implications for the world economy?
What are the criticisms of this argument?
131. Briefly describe the implications of the strategic trade policy as applied to international
trade.
132. What constitutes the revised case for free trade?
133. Give a brief description of the origin, functions, and successes of GATT from 1947 to
1979, before protectionist trends gained momentum across the world.
134. During the 1980s and early 1990s, why did the world trade system, erected by GATT,
came under strain due to increased pressures for greater protectionism?
135. Explain the organizational structure and the key functions of the WTO.
136. What are the issues that are at the forefront of the current agenda of the WTO?
137. How do trade barriers constrain a firm’s ability to disperse its productive activities?
138. How does the increasing integration of the world economy and internationalization of
production affect the selection of a trade policy?