Trade Regulations And Industrial Policies

A. General Agreement on Tariffs and Trade
B. World Trade Organization
C. Smoot Hawley Organization
D. McKinley Agreement on Trade policy

A. bilateral tariff reductions to promote trade liberalization
B. the use of the most-favored nation clause (normal trade relations)
C. nondiscrimination in trading relationships
D. the prohibition of import quotas and export quotas

A. The price of radios in Mexico equals $60 and its imports equal 30 radios
B. The price of radios in Mexico equals $30 and its imports equal 30 radios
C. The price of radios in Mexico equals $40 and its imports equals 20 radios
D. Th price of radios in Mexico equals $20 and its imports equal 40 radios

A. foreign dumping of goods in the U.S
B. subsidies granted to foreign firms that export to the U.S
C. buy national policies of foreign government
D. stringent environmental regulations of foreign government s

A. charge the nation’s products a lower tariff than any other nation’s
B. charge that nation’s products a tariff rate no higher than that on any other nation
C. charge that nation’s products a higher tariff than any other nation’s
D. exports to that nation any products that it wants to purchase

A. domestic workers lobbying for import restriction
B. domestic workers lobbying for export restrictions
C. domestic consumers lobbying for export restrictions
D. domestic consumers lobbying for import restrictions

A. lesser it initial dependence on foreign produce goods.
B. more elastic the target country demand schedule
C. greater then available output from alternative suppliers
D. more in elastic the target country supply scheduleB.

A. Grain prices would rise in the Soviet union
B. Consumer surplus would decrease for the soviets
C. Grains prices would rise in the united States
D. Export revenues would decrease for U.S producers