CHAPTER_6_TRADE_REGULATIONS_AND_INDUSTRIAL_POLICIES

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1、1. TheWorldTradeOrganizationwasestablishedbythe____ofmultilateraltradenegotiations: a. KennedyRound b. TokyoRound c. UruguayRound d. ClintonRoundANSWER:  cPOINTS:  1DIFFICULTY:  EasyNATIONAL STANDARDS:  UnitedStates-BPROG:ReflectiveThinking-BPROG:AnalysisSTATE S

2、TANDARDS:  UnitedStates-PA-DESC:InternationalTradeandFi-DESC:InternationalTradeandFinanceTOPICS:  WorldTradeOrganizationKEYWORDS:  BLOOM'S:Knowledge2. UnderU.S.commercialpolicy,theescapeclauseresultsin: a. Temporaryquotasgrantedtofirmsinjuredbyimportcompetition 

3、b. Tariffsthatoffsetexportsubsidiesgrantedtoforeignproducers c. Taxadvantagesextendedtominority-ownedexportingfirms d. DutieswhichoffsetcommercialdumpingonthepartofforeignfirmsANSWER:  aPOINTS:  1DIFFICULTY:  EasyNATIONAL STANDARDS:  UnitedStates-BPROG:Reflectiv

4、eThinking-BPROG:AnalysisSTATE STANDARDS:  UnitedStates-PA-DESC:InternationalTradeandFi-DESC:InternationalTradeandFinanceTOPICS:  Safeguards(TheEscapeClause):EmergencyProtectionfromImportsKEYWORDS:  BLOOM'S:Knowledge3. Adjustmentassistanceissometimesusedtoassist:

5、 a. Inretrainingworkersdisplacedbyimports b. Inretrainingworkersdisplacedbyexports c. Foreignfirmsinjuredbyourquotas d. ForeignfirmsinjuredbyourtariffsANSWER:  aPOINTS:  1DIFFICULTY:  EasyNATIONAL STANDARDS:  UnitedStates-BPROG:ReflectiveThinking-BPROG:AnalysisS

6、TATE STANDARDS:  UnitedStates-PA-DESC:InternationalTradeandFi-DESC:InternationalTradeandFinanceTOPICS:  Safeguards(TheEscapeClause):EmergencyProtectionfromImportsKEYWORDS:  BLOOM'S:Knowledge4. TheExport-ImportBankoftheUnitedStatesencouragesAmericanfirmstosellove

7、rseasbyprovidingdirectloansandloanguaranteestoforeignpurchasersofAmericangoods.ToAmericanfirms,thisrepresentsa: a. Specificsubsidy b. Advaloremsubsidy c. Domesticsubsidy d. ExportsubsidyANSWER:  dPOINTS:  1DIFFICULTY:  ModerateNATIONAL STANDARDS:  UnitedStates-B

8、PROG:ReflectiveThinking-BPROG:AnalysisSTATE STANDARDS:  UnitedStates-PA-DESC:InternationalTradeandFi-DESC:InternationalTradeandFinanceTOPICS:  IndustrialPoliciesofthe