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S-9 Ch 9 NTB - WTO w.Quiz - Chapter 9 Non-tariff Barriers...

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W. J. Streeter MEC 292 – FALL 2008 Chapter 9 Non-tariff Barriers to Imports World Trade Organization (WTO)
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Financial Troubles Humble U.S. The Wall Street Journal , Washington, September 29, 2008 In a televised address Thursday, President George W. Bush blamed the current financial crisis on the "massive amount of money [that] flowed into the United States from investors abroad," rather than on greedy decisions by U.S. mortgage lenders and borrowers The success of the pending rescue of the U.S. financial system probably depends as much on the central banks of China and the Middle East as on Congress and the Federal Reserve. W. J. Streeter mec 292 – Fall 2008
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Financial Troubles Humble U.S. The Wall Street Journal , Washington, September 29, 2008 W. J. Streeter mec 292 – Fall 2008
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W. J. Streeter mec 292 – Fall 2008 Course Feedback on Blackboard Course Menu Communication Discussion Board 1) Review Articles 2) Short quizzes 3) Current Topics
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W. J. Streeter mec 292 – Fall 2008 Participation 5% of final grade max. Quantity: 27 class sessions 2 Quality: How many 3’s + Instructors judgment 3 Attendance 1 Survey 1 Feedback 2 possible total 9 I interpret class participation in the broad sense of positive engagement with the course. Actions that I regard as evidence of positive engagement include thoughtful class participation, respectful responses to colleagues, coming to see me after class or during office hours to discuss class material if you are unable to volunteer comments in class, constructive suggestions on course improvements, and participation in the Ongoing Course Evaluation. The latter point involves responding to questions I post on Blackboard regarding your evaluation of our course and your suggestions for improvements. I start to post these questions after the first three weeks of classes.
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W. J. Streeter mec 292 – Fall 2008 Seven Instruments of Trade Policy Antidumping Duties Local Content Requirements Tariffs Voluntary Exports  Restraints Administrative Policies Subsidies Import Quotas Chapter 8 Chapter 9 Chapter 11 Chapter 9 Chapter 9 Chapter 9 Chapter 10
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W. J. Streeter mec 292 – Fall 2008 Quiz: 1. One of the reasons that protectionists and government officials may favor using a quota instead of a tariff is: A. Quotas generate more revenue for the government than do tariffs. B. A quota ensures that the quantity of imports is strictly limited. C. Quotas create less market distortions than do tariffs. D. Quotas give less power to politicians than do tariffs.
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W. J. Streeter mec 292 – Fall 2008 2. Protecting domestic producers against import competition: A) Helps those producers. B) Helps domestic consumers of the product. C) Probably helps the importing nation as a whole.
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