MGT 302 MGT302 Quiz Questions II Answers (Indiana)

MGT 302 MGT302 Quiz Questions II Answers (Indiana)

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MGT 302 Quiz Questions II (Indiana)

One of the reasons why protectionist pressures arose around the world during the 1980s was:

Which one of the following is a consequence of Helms-Burton Act?

Which of the following multilateral agreements was established under U.S. leadership in 1947, with the objective to liberalize trade by eliminating tariffs, subsidies, import quotas, and the like?

Which of the following is true regarding the difference between GATT and WTO?

Which of the following is the oldest economic argument for government intervention in international trade?

Tariffs are generally pro-producer and anti-consumer.

Both import quotas and VERs benefit domestic producers by limiting import competition.

The WTO was encouraged to extend its reach to encompass regulations governing foreign direct investment, something the GATT had never done. Two of the first industries targeted for this reform were:

Which of the following is a trade policy instrument that the GATT and WTO have been most successful in limiting?

Animax Limited got an order to sell 50,000 Central Processing Units (CPUs) to Palladia, but the Palladian government stipulated that 15 percent of the component parts of those CPUs must be produced in Palladia. This stipulation by the Palladian government would be example of a(n):

Which of the following is considered to be the ultimate objective of antidumping policies?

The threat of antidumping action :

Which of the following acts, enacted by the U.S. Congress, was aimed at avoiding rising unemployment by protecting domestic industry and diverting consumer demand away from foreign products in the 1930s?

Which of the following is the most common political argument for government intervention in international trade?

A tariff of 15-20% was levied by the government of Cadmia on the value of automobile accessories imported from a neighboring country. This increased the price of those imported car accessories for the consumers in Cadmia. Which of the following instruments of trade policy is being used by the government of Cadmia?

Which of the following is a provision of the Uruguay Round Agreement?

According to the _____ argument, a government should use subsidies to support promising firms that are active in newly emerging industries.

Which of the following organizations, established in 1995 under the provisions of the Uruguay Round, has taken over the responsibility to arbitrate trade disputes and monitor the trade policies of member countries?

The _____ in the United States specifies that government agencies must give preference to U.S. products when putting contracts for equipment out to bid unless the foreign products have a significant price advantage.

Which of the following statements is true about voluntary export restraints (VERs)?

Myra is a firm producing premium hand bags for women. These bags are manufactured and patented in the country of Ceria. Manufacturers 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 information, which of the following is likely to happen?

Antidumping policies are designed to punish the firms that engage in dumping industrial waste into the environment.

Which of the following statements is true about import quotas?

The main gains from subsidies accrue to importers, whose international competitiveness is increased as a result of these subsidies.

Which of the following indicates the two paths of arguments for government intervention in international trade?


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