Average tariff rates are highest for
A) high-income countries.
B) middle-income countries.
C) low-income countries.
D) industrialized countries.
Question 2 - Which of the following kinds of agreements between two or more countries would be an example of a shallow integration measure?
A) An agreement to accept another nation's certification of architects
B) An agreement to unify customs forms in order to speed up cross-border traffic
C) An agreement to use the same environmental standards
D) An agreement to impose the same limits on cartels and monopolies
E) An agreement to limit subsidies offered to domestic businesses
Question 3 - Which of the following is FALSE about issues/negotiations in the Doha Development agenda?
A) It is intended to deal with economic development issues and trade barriers facing developing countries that were not adequately addressed in the Uruguay Round.
B) Many developing countries are upset with the levels of tariffs and other barriers that industrialized countries use to protect agriculture, clothing and textiles.
C) Industrialized countries want developing countries to reduce their tariffs, which on average are higher than the rates of richer countries.
D) Developing countries don't use tariffs, and they want higher income countries to follow their model.
Question 4 - Made in the USA or Made in China has less meaning for products that
A) are a commodity such as iron ore.
B) are an agricultural product such as wheat.
C) are a product that is technological and involves assembling many different types of sometimes sophisticated components.
D) are a product that is produced and consumed domestically.
E) were produced fifty years ago versus the types of products manufactured today.
Question 5 - Deep integration
A) is easier to achieve than shallow integration.
B) is less controversial than shallow integration.
C) does not require changing domestic policies unrelated to tariffs and quotas.
D) requires cooperation with other national governments or international bodies.
E) can be implemented unilaterally.
Question 6 - Nominal rates of protection
A) are always greater than effective rates of protection.
B) are always smaller than effective rates of protection.
C) refer to the tariffs placed on intermediate goods used to make the final good or service.
D) cannot be negative.
Question 7 - Economists
A) describe reducing tariffs and quotas as shallow integration.
B) describe reducing tariffs and quotas as deep integration.
C) believe that changing domestic policies affecting trade is a relatively simple process.
D) believe that the work of reducing trade barriers is done since most tariffs are low and most quotas eliminated.
E) believe the original motivation for nations forming domestic policies and regulations was to create trade barriers to foreign companies.
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