As the WTO has been largely successful in reducing tariffs, it has begun to confront all but which of the following issues?
a. Agriculture policy
b. Intellectual property rights
c. Security issues
d. Environmental protection measures
When taxes are placed on another exporting state's alleged selling of a product at a price below the cost to produce it, this is called _____.
a. strategic trade policy
b. voluntary export restrictions
c. orderly market arrangements
d. antidumping duties
How might the Prisoner's Dilemma from Chapter 9 apply to free trade and protectionism?
a. All states have an incentive to cooperate in free trade policies, and those who do not cooperate are excludedfrom the global system.
b. Even though it is in everyone's best interest for all states to have free trade, individual states have an incentiveto enact protectionist policies.
c. Free trade is the most desirable outcome in the global economy; therefore, all states will comply with theglobal norms of cooperation.
d. Trade is bad for people who are incarcerated.
Which best defines a quota?
a. Taxes assessed on goods coming into a country
b. The selling of a product as a price below the cost in the home market
c. A restriction on the quantity of goods that can be imported to or exported from a country
d. All of these are true.
Economic sanctions have been used with increasing frequency since World War II. Research has shown sanctions
a. are seldom effective in impairing the military potential of its targets.
b. actually slow down the threat of military actions between two countries.
c. are successful against autocratic leaders, such as Fidel Castro of Cuba.
d. are useless in achieving any kind of policy goal.
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