WorksheetsThe international trade system Quiz
Total questions: 9
Worksheet time: 10mins
What is one main difference between PTAs and FTAs?
PTAs are only multilateral
PTAs apply only to services
FTAs cannot be unilateral
What prompted the U.S. to change its trade strategy?
the rapid rise of developing economies
the protection of developing economies
the shift from democratic to republican government
In an FTA between US, Canada and Mexico, the best option for Canada is to:
immediately join the agreement with the US
join the agreement later, letting Mexico join first
join a three-country trade agreement
How many regions of the world are included in the Perroni-Whalley model?
6
8
7
The GATT design under the Us-led trade regime caused:
more universal binding rules
higher tariffs
adjustment programs for workers and firms
Among the objectives countries’ have when seeking regional trade agreements, we don’t find:
strategic linkage
strengthening domestic policy reform
improving diplomatic relations
According to Mansfield and Mutz the American negative attitude toward offshoring is less influenced by:
their political party of choice
the individual’s economic self-interest
ethnocentrism and antiforeign sentiment
What is the main change brought by the RTAA(1934)?
It granted the president agenda control over tariff setting
It stipulated individual tariff reduction
it provided adequate adjustment programs for firms and workers
What are the main challenges for the International Trade System?
