Chaper 7 Trade Regulations and Industrial Policies test

Chaper 7 Trade Regulations and Industrial Policies test -...

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Chapter 7: Trade Regulations and Industrial Policies CHAPTER 7 TRADE REGULATIONS AND INDUSTRIAL POLICIES MULTIPLE-CHOICE QUESTIONS 1. The World Trade Organization was established by the __________ of multilateral trade negotiations. a. Kennedy Round b. Tokyo Round c. Uruguay Round d. Clinton Round 2. Under U.S. commercial policy, the escape clause results in: 3. Adjustment assistance is sometimes used to assist: a. In retraining workers displaced by imports b. In retraining workers displaced by exports c. Foreign firms injured by our quotas d. Foreign firms injured by our tariffs 4. The Export-Import Bank of the United States encourages American firms to sell overseas by providing direct loans and loan guarantees to foreign purchasers of American goods. To American firms, this represents a (an): 5. The Smoot-Hawley Tariff Act of 1930 has generally been associated with: 1
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