Exam 11: Regulating Import Competition and Unfair Trade

If country A gives favorable tax treatment to XYZ,Inc.a corporation in country A,because XYZ,Inc.exports a large number of widgets,this tax break is referred to as a(an):

A provisional measure is a tariff imposed by a country in order to ensure that dumping does not take place.

In determining whether increased imports are a substantial cause of serious injury,the ITC does not consider:

Quotas are often favored over tariffs as import restrictions because: I. They are more flexible tools for regulating imports. II. It is easier for government policy makers to assess the potential impact of a quota.

What are the similarities and differences between unfair trade and fair,but economically damaging trade?

The U.S.law that protects against "fairly traded" imported products is:

Describe the ways in which U.S.trade legislation is and is not based upon GATT legal principles.Give several examples.

If the International Trade Commission reaches an affirmative decision in an escape clause action,workers,firms,and communities may be eligible for federal adjustment assistance.

If a country is not a member of GATT,under U.S.law a countervailing duty can be imposed without regard to whether a U.S.firm is injured or not.

The President of the United States is concerned about the declining number of American companies engaged in the manufacture of computer chips.In order to reinvigorate U.S.computer chip manufacturers,the President has proposed that the United States unilaterally impose an absolute ban upon the importation of computer chips from Japan for an indefinite period of time to be determined in his complete discretion.The President has asked you whether his proposal is legal pursuant to the GATT.What is your response? Please explain the basis for your conclusions.

When a petition for import relief is filed with the International Trade Commission,the ITC conducts an investigation and must consider all the following factors except:

An informal agreement between the U.S.president and suppliers wherein they agree to hold back the number of exports to the U.S.market is called a:

Which of the following statements best describes the Information Technology Agreement?

The requirements for import relief under U.S.law include all of the following except:

In the case regarding the importation of motorcycles into the United States,it was found that the imports posed no serious threat to domestic motorcycle sales.

In the Bulk Aspirin from China case,the ITA decided to treat the private exporters the same as the government-owned exporters.

You work for a major manufacturer of sports equipment in the U.S.Your company is having difficulty breaking into the market in Germany due to government barriers.The barriers include trade restrictions and import quotas to protect the German domestic companies prohibited by GATT.If the U.S.Trade Representative cannot get these barriers removed,then:

In non-market economy countries,the determination of foreign market value is usually based on:

The GATT Agreement on Safeguards permits a member state to increase tariffs on an imported product in order to allow a domestic manufacturer to successfully introduce a competitive product in the domestic market.

The "escape clause" of the GATT agreement derives its name from the fact that: