IBUS_300_QUIZ_3_FALL_2007

IBUS_300_QUIZ_3_FALL - IBUS 300 Quiz 3(120 points Fall 2007 Part 1(100 points Please circle the best answer 1 Which of the following was the

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Quiz 3 (120 points) Fall 2007 Part 1 (100 points) Please circle the best answer. 1. Which of the following was the biggest recipient of Washington State exports in 2006? a. Mexico. b. PRC. c. Germany d. Great Britain. 2. What is the purpose of the WTO’s “most-favored nation” rule? a. It compels countries to treat all imports equally. b. It allows countries to provide special treatment to poor nations. c. It compels countries to favor those countries identified by the U.N. as in need of assistance. d. The WTO has no such rule. 3. The invoices of US exporters mostly are in what currency? a. Dollars. b. Euros. c. The importing country’s currency. d. Gold. 4. “Fair trade” policies are designed to benefit whom? a. U.S. consumers. b. Foreign consumers. c. Foreign workers. d. U.S. workers. 5. Which country is well-known for its national champion trade policies? a. Thailand. b. Canada. c. U.S.A. d. South Korea. 6. What is the “Doha Round”? a. The innovative port system in Doha, California. b. The name of the world’s largest cargo ship. c. The latest set of WTO member negotiations. d. The 2006 meeting of the UN Security Council in Doha. 7. What has been the impact of U.S. protection of the U.S. sugar-producing industry? a. A net loss of foreign jobs. b. A net loss of U.S. jobs. c.
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This note was uploaded on 04/08/2008 for the course IBUS 300 taught by Professor Jeremiahj.sullivan during the Winter '08 term at University of Washington.

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IBUS_300_QUIZ_3_FALL - IBUS 300 Quiz 3(120 points Fall 2007 Part 1(100 points Please circle the best answer 1 Which of the following was the

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