AEM230_MidTerm_2007 - AEM/ECON 230 International Trade and...

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AEM/ECON 230 Spring 2007 International Trade and Finance Mid-Term Examination March 13, 2007 Name (PRINT) ____________________________________________ Academic integrity is expected of all students at Cornell Unversity at all times, whether in the presence or absence of faculty members. Understanding this, I declare that I shall not give, use or receive unauthorized aid in this examination. _________________________________ Student’s Signature
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AEM/ECON 230 Spring, 2007 International Trade and Finance Mid-Term Examination March 13, 2007 (35 points) In Questions #1 - #7 below, please circle the letter that identifies the best answer . Each question is worth 5 points. 1 . Under the World Trade Organization, a country (A) may impose a "countervailing duty" in the event that another country (B): a. Imposes an export subsidy. b. Imposes higher import tariffs that it had agreed to under the Uruguay Round Agreement. c. Engages in product "dumping" in the first country (A). d. Engages in product "dumping" in some third country market (country C or D). e. Imposes import quotas that unfairly limit imports below market access levels agreed to under the Uruguay Round Agreement. 2. Which of the following are not among the major objectives that developing countries are seeking to achieve in the current Doha Round of multilateral trade negotiations being conducted under the World Trade Organization?
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