All of the following are fundamental to the World Trade Organization e – McqOptions

MCQOPTIONS

1.	All of the following are fundamental to the World Trade Organization except ?
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
Answer» B. the use of the most-favored nation clause (normal trade relations)

Discussion

No Comment Found

Related MCQs

Which round of international trade negotiations resulted in the creation of the World Trade Organization ?
When one country provides most favored nation status (normal trade relations) for another, it agrees to ?
Under free trade suppose that Japan can supply radios t mexico at the price of $45 Therefore, Mexico’s imports equal ?
To help its firms penetrate Mexico’s radio market suppose the Japanese government provides them a subsidy of $15 for each radio shipped to Mexico As a result of this trade policy ?
Those who argue in favor of import protection generally give the impression that such restricted trade will?
The World Trade Organization is sometimes criticized for all of the following reasons except?
The U.S has granted China permanent most favored nation treatment (normal trade relations) This means that the tariff schedules which apply to U.S imports from china ?
The theory of suggests that government can assist domestic companies in capturing economic profits from foreign competitors ?
The strongest political pressure for a trade policy that results in higher protectionism comes from?
The result of antidumping tariffs is to ?