Question 1

Those that protest WTO meetings are generally thought to be antiglobalization in their orientation.

Accepted Answer

A) True 
 B)False

Question 2

All of the following would be considered to be nontariff barriers that could be erected to restrict trade EXCEPT:

Accepted Answer

A) quotas. 
B) taxes 
C) packaging requirements 
D) border taxes. 
E) embargoes.

Question 3

The ___________ is an institution,not an agreement as was GATT.

Accepted Answer

The answer of The ___________ is an institution,not an agreement...

Question 4

The ______________ and the ________________ are two global institutions created to assist nations in becoming and remaining economically viable.

Accepted Answer

The answer of The ______________ and the ________________ are two...

Question 5

Protesters have often disagreed with the work of the WTO.Where did the first great protest against globalization and WTO policies and plans occur?

Accepted Answer

A) Uruguay 
B) Chile 
C) Paris 
D) Seattle 
E) Berlin

Question 6

Which of the following would be the balance-of-payments account that is a record of all merchandise exports,imports,and services plus unilateral transfers of funds?

Accepted Answer

A) current account 
B) capital account 
C) credit account 
D) receivables account 
E) reserves account

Question 7

After 1888,the United States had unparalleled growth and a favorable balance of trade until _________.After this date,the United States has a negative balance of trade.

Accepted Answer

A) 1950 
B) 1963 
C) 1968 
D) 1971 
E) 1985

Question 8

What does a nation's balance-of-payments statement indicate?

Accepted Answer

The answer of What does a nation's balance-of-payments statement indicate?...

Question 9

Cybil Chan has been asked by her company to review a series of published nontariff barriers that is used by the Hong Kong Port Authority to control customs and administrative entry procedures.Which of the following nontariff barriers should Ms.Chan look for under the category called customs and administrative entry procedures?

Accepted Answer

A) Orderly marketing agreements 
B) Voluntary export restraints 
C) Countervailing duties 
D) Export subsidies 
E) Documentation requirements

Exam 2: The Dynamic Environment of International Trade