Question 1

Reasons for the stalled Doha trade agenda can best be summarized as ______.

Accepted Answer

A)   Lack of agreement on increased agricultural subsidies in developed world
B)   Lack of agreement on increased agricultural subsidies in the developing world
C)   Lack of agreement on further reduction of trade barriers throughout the world
D)   Controversial inclusion of environmental protection in trade agreementsE) A) and D)
F) C) and D) C

Question 2

Four modes of trading services as defined in GATS include all except _____.

Accepted Answer

A)   Cross-border supply
B)   Domestic tourism
C)   Commercial presence
D)   Presence of natural personsE) None of the above
F) B) and D)

Question 3

The regional trade group that has a common internal and external trade policy is known as ______.

Accepted Answer

A)   Free trade area
B)   Common market
C)   Customs union
D)   Economic unionE) B) and C)
F) A) and B)

Question 4

Manufacturing facilities located in the Northern part of Mexico are known as _______.

Accepted Answer

A)   Maquiladoras
B)   Chipotle
C)   Chiquanitos
D)   NAFTA factoriesE) A) and D)
F) A) and C) A

Question 5

Trade diversion is when nonmember nations reroute their exports to member nations with the lowest external trade barriers.

Accepted Answer

A) True 
 B)False

Question 6

The insurance arm of the World Bank is known by the acronym ______.

Accepted Answer

A)   MIGA
B)   IDA
C)   IFC
D)   IBRDE) A) and B)
F) All of the above

Question 7

______ are vulnerable to ______ which is when non-member nations reroute their exports to member nations with the lowest external trade barriers.

Accepted Answer

A)   Customs unions, trade deflection
B)   Customs unions, trade diversion
C)   Free trade areas, trade deflection
D)   Free trade areas, trade diversionE) A) and D)
F) C) and D)

Question 8

Since the creation of the WTO, bilateral trade agreements have skyrocketed.

Accepted Answer

A) True 
 B)False

Question 9

Myanmar is a member of ASEAN.

Accepted Answer

A) True 
 B)False

Question 10

Which of the following loan purposes are most likely to be approved by the World Bank?

Accepted Answer

A)   Improvement of current account imbalance in Thailand
B)   Infrastructure improvement in Uganda
C)   Government building construction in Belgium
D)   Government payroll funding in Sri LankaE) A) and B)
F) None of the above

Question 11

TRIPS covers all of the following except ______

Accepted Answer

A)   Copyrights
B)   Trademarks
C)   Patents
D)   Innovative ideasE) A) and B)
F) A) and C)

Question 12

The "spaghetti bowl" of trade agreements is best described as ______.

Accepted Answer

A)   Recipe for successful trade policy in developing countries
B)   Varying trade agreements in bilateral and multilateral arrangements
C)   Italian trade policy with African nations
D)   Italian-Indian bilateral trade agreementE) A) and B)
F) B) and C)

Question 13

GATT includes trade rules regarding services.

Accepted Answer

A) True 
 B)False

Question 14

An interesting observation since the inception of the WTO is ______.

Accepted Answer

A)   Global economic success
B)   Export growth for all developing countries
C)   Vast increases in regional trade agreements
D)   Increase in protectionism throughout the worldE) C) and D)
F) A) and B) C

Exam 6: Supranational Organizations and International Business

Reasons for the stalled Doha trade agenda can best be summarized as ______.

Correct Answer
verified
C

Four modes of trading services as defined in GATS include all except _____.

Correct Answer
verified

The regional trade group that has a common internal and external trade policy is known as ______.

Correct Answer
verified

Manufacturing facilities located in the Northern part of Mexico are known as _______.

Correct Answer
verified
A

Trade diversion is when nonmember nations reroute their exports to member nations with the lowest external trade barriers.

Correct Answer
verified

The insurance arm of the World Bank is known by the acronym ______.

Correct Answer
verified

are vulnerable to which is when non-member nations reroute their exports to member nations with the lowest external trade barriers.

Correct Answer
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Since the creation of the WTO, bilateral trade agreements have skyrocketed.

Correct Answer
verified

Myanmar is a member of ASEAN.

Correct Answer
verified

Which of the following loan purposes are most likely to be approved by the World Bank?

Correct Answer
verified

TRIPS covers all of the following except ______

Correct Answer
verified

The "spaghetti bowl" of trade agreements is best described as ______.

Correct Answer
verified

GATT includes trade rules regarding services.

Correct Answer
verified

An interesting observation since the inception of the WTO is ______.

Correct Answer
verified
C

Exam 6: Supranational Organizations and International Business

Reasons for the stalled Doha trade agenda can best be summarized as ______.

Correct AnswerverifiedC

Four modes of trading services as defined in GATS include all except _____.

Correct AnswerverifiedShow Answer

The regional trade group that has a common internal and external trade policy is known as ______.

Correct AnswerverifiedShow Answer

Manufacturing facilities located in the Northern part of Mexico are known as _______.

Correct AnswerverifiedA

Trade diversion is when nonmember nations reroute their exports to member nations with the lowest external trade barriers.

Correct AnswerverifiedShow Answer

The insurance arm of the World Bank is known by the acronym ______.

Correct AnswerverifiedShow Answer

______ are vulnerable to ______ which is when non-member nations reroute their exports to member nations with the lowest external trade barriers.

Correct AnswerverifiedShow Answer

Since the creation of the WTO, bilateral trade agreements have skyrocketed.

Correct AnswerverifiedShow Answer

Myanmar is a member of ASEAN.

Correct AnswerverifiedShow Answer

Which of the following loan purposes are most likely to be approved by the World Bank?

Correct AnswerverifiedShow Answer

TRIPS covers all of the following except ______

Correct AnswerverifiedShow Answer

The "spaghetti bowl" of trade agreements is best described as ______.

Correct AnswerverifiedShow Answer

GATT includes trade rules regarding services.

Correct AnswerverifiedShow Answer

An interesting observation since the inception of the WTO is ______.

Correct AnswerverifiedC

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C

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A

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are vulnerable to which is when non-member nations reroute their exports to member nations with the lowest external trade barriers.

Correct Answer
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C