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QUIZ 3

Total questions: 30

Worksheet time: 48mins

Name
Class
Date
1.

it main objectives on this agreement are: Tariff reduction, Market access, Safeguard mechanisms, rural development and food security.

a)

Phytosanitary Measures

b)

Agricualtural Trade

c)

TRIMS Agreement

d)

None of previous mentioned

2.

Is an institution that represents 45million companies in more than 170 countries. The members can be companies, banks, lawfirms, individuals, associations, and other organizations.

(a)  

3.

It is a multilateral agency which has amix cooperation body, under a mandate of: The World Trade Organization (WTO) & The United Nations, through the United Nations Conference on Trade and Development (UNCTAD), this agency seeks cooperation with developing countries, economies in transition, trhough the promotion of trade and export development.

(a)  

4.

The Agreement authorizes countries to establish their own standards, that the regulations are based on scientific principles and, furthermore, that they are only applied to the extent necessary to protect the health and life of people and animals or to preserve the plant.

a)

Agriculture agreement.

b)

The safety Agreement in food and animals.

c)

The UNCTAD agreement for human health.

d)

The Agreement on the Application of Sanitary and Phytosanitary Measures

5.

This Agreement recognizes the right of WTO Members to apply measures to achieve legitimate regulatory objectives, such as the protection of the health and safety of people or the protection of the environment.

a)

Agreement on technical barriers to trade.

b)

Agreement on Agriculture

c)

Agreement on sanitary and Phytosanitary measures

d)

Agreement on enviromental care

6.

The purpose of this institution is to make easier for member countries to trade freely with each other, to reduce the administrative and financial burden of barrier trading, and foster economic cooperation among nations.

(a)  

7.

They are the rights given to persons over the creations of their minds.They usually give the creator an exclusive right over the use of his creation for a certain period of time.

(a)  

8.

Is a benefit given to an individual, business, or institution, usually by the government.

(a)  

9.

This agreement recognizes that certain investment measures can restrict and distort trade. It stipulates that WTO members may not adopt measures that discriminate against foreign products or result in quantitative restrictions, both of which violate the fundamental principles of the WTO.

a)

FIRA Agreement

b)

UNCTAD

c)

TRIMS

d)

ICC

10.

it convers the patents o finvention, brands, industrial designs and geographical indicators

a)

Intellectual property

b)

Copyrights

c)

Industrial Property

d)

all fo them

11.

it is an exclusive right granted over an invention. In general terms, it empowers its owner to decide whether the invention can be used by third parties and, if so, in what way. In return for this right, in the published document, the owner makes the technical information related to the invention available to the public.

a)

Industrial designs

b)

Brands

c)

copyrights

d)

patents

12.

it encompass the aesthetic or decorative aspects of a product: how it looks and is perceived, these designs are applied to a wide variety of products and handmade items: cars, phones, etc. It constitutes the ornamental oraesthetic aspect of an article. Design can consist of three-dimensional features, such as the shape or surface of an item, or two-dimensional features, such as patterns, lines, or colors.

a)

Brands

b)

Patents

c)

Industrial design

d)

None of them

13.

it is a sign that allows the products or services of a company to be differentiated from those of other companies. The registration of this document is valid for 10 years and it may be renewed for periods of the same duration.

a)

Industial Desing

b)

Patent

c)

Brand

d)

None of them

14.

it consists of the name of the place of origin of the products. it is a sign used for products that have a specific geographical origin and possess qualities or a reputation derived specifically from their place of origin.

a)

Geographical indications

b)

designation of origin

c)

Geographic index

d)

None of them

15.

The formula to make the Coca-Cola drink and the Windows source code are examples of:

a)

Patents

b)

Brands

c)

Trademark

d)

Trade Secrets

16.

In this national institution you can request the registration of your trademark so that your clients can easily identify your products and services in the market. In this way, you ensure that your brand is yours alone, different and unique.

a)

IMPI ( Institute of IndustrialProperty)

b)

Paris Convention for the Protection of Industrial Property (1883)

c)

The Berne Convention for the Protection of Literary and Artistic Works (1886).

d)

TRIPS Agreement

17.

One of the most important contributions of this international institution is their publication of international commercial terms, also known as Incoterms. Incoterms are intended to facilitate global commerce by providing parties involved in domestic and international trade with a kind of shorthand to help understand the exact terms of their business arrangements.

a)

GATT (General Agreement on Tariffs and Trade)

b)

WTO (World Trade Organization)

c)

ICC (International Chamber of Commerce)

d)

WCO (world customs Organization)

18.

That plug must be manufactured in a way that protects users from electric shocks.

That motor vehicles have seatbelts to minimize injuries in the event of road accidents.

Those are examples of:

a)

Technical Barriers to Trade

b)

TRIMS

c)

SPM

d)

IPR Agreement

19.

Under the TBT (Technical Barriers to Trade) agreement, countries may decide that an international standard is not appropriate for other reasons, including fundamental technological problems or geographical factors.

a)

True

b)

False

20.

In 1991, GATT was transformed into the World Trade Organization, which embraces the main provisions of GATT and provides a mechanism intended to improve the process for resolving trade disputes among participating nations.

a)

True

b)

False

21.

They were the rounds of multilateral trade negotiations that went beyond tariff reductions with the objective of liberalizing non-tariff trade barriers.

a)

Kennedy Round and Doha Round

b)

Dillon Round and Kennedy Round

c)

Tokyo Round and Uruguay Round

d)

Ginebra Round and Uruguay Round

22.

Which of the following measures is designed to prevent unfair trade practices that harm domestic industries?

a)

Import quotas

b)

Subsidies

c)

Tariffs

d)

All of the above

23.

Is a key component of the World Trade Organization (WTO) framework. It provides rules and guidelines for combating unfair trade practices. Which occurs when a company exports a product at a price lower than its normal value or domestic price.

(a)  

24.

These duties are intended to counteract any unfair competitive advantage that foreigners may gain over domestic producers due to foreign subsidies.

(a)  

25.

This agreement is specifically related to the exchange of goods and services between countries or regions, with the objective of reducing trade barriers (such as tariffs) and promoting trade between the parties.

(a)  

26.

This is a formal agreement between two or more countries that regulates legal, economic, political or social aspects. It is governed by international law and is formalized through a process that includes negotiation, signature and ratification by the participating governments.

(a)  

27.

This is an international treaty adopted in 1969 that establishes the legal framework for the creation, interpretation, application and termination of treaties between States

(a)  

28.

This is a political and economic organization founded in 1967 by 10 Southeast Asian countries (Indonesia, Malaysia, the Philippines, Singapore, Thailand, Brunei, Vietnam, Laos, Burma, and Cambodia). It promotes cooperation in trade, investment, security and social development.

(a)  

29.

Is a free trade agreement between 15 Asia-Pacific countries, including China, Japan, South Korea, Australia, New Zealand and the ASEAN countries. It was signed in November 2020 and is the largest trade agreement in the world by combined population size and GDP.

(a)  

30.

This is a trade agreement of 11 countries, including Japan, Australia, Canada, Vietnam and Singapore, which was an evolution of the original TPP following the withdrawal of the United States. This agreement addresses free trade and sets high standards in areas such as intellectual property, the environment and labor rights.

(a)