NEW
Font size
S
M
L
XL
WorksheetsQuantitative Regulations
Total questions: 10
Worksheet time: 5mins
Name
Class
Date
1.
What is the definition of prohibition in relation to International Trade Law?
a)
A limit on the quality of goods that can be imported/exported.
b)
A self-imposed limit on goods being exported.
c)
A requirement that certain products can only be imported at a certain price point.
d)
A total and complete ban, no quantity of a product can be imported.
2.
Which of these is NOT true regarding Minimum Import/export Pricing (MIP)?
a)
It provides relief and promotes growth for a domestic industry.
b)
Imports of a certain product are only allowed at a certain price.
c)
Every country in the world uses MIP.
d)
Example: India only allows steel priced at $341/tonne to be imported.
3.
In International Trade Law, what is the definition of the word Quota?
a)
Limit on the amount of a good that can be imported/exported.
b)
Limit on the cost of a good that can be imported/exported.
c)
Limit on the quality of a good that can be imported/exported.
d)
A tariff placed on imported goods.
4.
What is the definition of Mixing Regulation in terms of International Trade Law?
a)
When a state requires that a product is made of two or more materials in exact proportions.
b)
When a state government-owned enterprise that deals in import/export affects outside trade markets.
c)
When no amount of a certain good or product can be imported/exported.
d)
When a state restricts an amount of a good from being exported to a specific country.
5.
"Imported frozen pizza must be 10% cheese and 40% dough."
This is an example of...
This is an example of...
a)
Voluntary Export Restraint
b)
MIP
c)
Mixing Regulation
d)
Quota
6.
Which of these is NOT true regarding State trade operations/enterprises (STE)?
a)
It when a government enterprise dealing with import/export of goods does something that negatively affects foreign trade markets.
b)
It is only actionable if it meets the requirements:
1.) Government-owned
2.) Causes trade problems
1.) Government-owned
2.) Causes trade problems
c)
Example: U.S. Wheat protects the domestic wheat industry by setting the price of imported wheat very low.
d)
A state puts a limit on the amount of steel that can be imported.
7.
"Iran doesn't allow the import of any magazines."
This is an example of...
This is an example of...
a)
Quota
b)
Voluntary Export Restraint
c)
Prohibition
d)
State Trade Enterprise
8.
"Japan puts a quota on cars being exported to the United States to help the U.S. auto industry and avoid a trade war."
This is an example of...
This is an example of...
a)
VER
b)
MIP
c)
STE
d)
GATT
9.
"The United States only allows 10,000 tons of foreign-grown tomatoes to be imported every year."
This is an example of...
This is an example of...
a)
VER
b)
MIP
c)
Quota
d)
STE
10.
Which of these is NOT a Quantitative Restriction?
a)
Minimum Import Pricing
b)
Tariff
c)
Quota
d)
Mixing Regulation
Reset
