International Studies Midterms Review Quiz

Which event directly led to the creation of the International Trade Organization (ITO) proposal?

• Bretton Woods Conference

• Proposals for Expansion of World Trade and Employment (1945)

• Treaty of Versailles

• Marshall Plan

Which round of negotiations gave birth to the World Trade Organization (WTO)?

• Marrakech Round

• Tokyo Round

• Geneva Round

• Uruguay Round

The Marrakesh Agreement, signed in 1994, is significant because:

• It marked the end of the GATT and established the WTO.

• It resolved disputes from the Kennedy Round.

• It initiated the Tokyo Round negotiations.

• It was the first trade agreement involving the United Nations.

Which country did not participate in the 1947 negotiations leading to the GATT?

• United Kingdom

• Czechoslovakia

• Switzerland

• Cuba

One of the major failures of the Kennedy Round (1964-1967) was its inability to:

• Conclude the GATT Agreement

• Lower tariffs for manufactured goods

• Finalize agreements on NTBs

• Introduce trade in services

Why was the Tokyo Round (1973-1979) considered only partially successful?

• Limited participation from developing nations

• Focused solely on tariff reductions

• The agreements were not binding on most countries

• NTB negotiations were inconclusive

Why was the TokyoWhich of the following was NOT included in the Uruguay Round's comprehensive agenda?

• Military equipment

• Intellectual Property Rights

• Telecommunications

• Agriculture

Market Access primarily concerns:

• Reducing import duties and non-tariff barriers

• Imposing export taxes

• Increasing subsidies for local businesses

• Promoting dumping practices

Which term defines the action of selling goods in a foreign market below their normal value?

• Tariff escalation

• Subsidizing

• Dumping

• Market Access

What is a primary goal of anti-dumping measures under the WTO?

• Prevent injury to domestic industries

• Encourage market dumping to reduce prices

• Promote protectionism globally

• Increase subsidies for local exporters