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WorksheetsWTO Discussion IB4
Total questions: 15
Worksheet time: 8mins
WTO formed in...
1995
1959
2005
1996
WTO and GATT is entirely separate entity. The rules of GATT applied in tangible goods. But WTO deals with...
Goods and Services
Goods and Intellectual Property
Goods, Services, and Intellectual Property
Both have similar rules
World Trade Organization promotes International Trade will help ensure that members benefits from:
1. Cheaper prices
2. Diverse supply of goods
3. New markets
4. Employment opportunities
None of the above
Only 1 and 2
Only 3 and 4
All correct
In the video of Developing countries to benefits from new TWO deal, it received ratification from several countries, EXCEPT...
Rwanda
Yemen
Oman
Jordan
Benefits of membership WTO to supports jobs and growth around the world in some countries' categories, such as...
Less developed countries
Developing countries
Under Developed countries
Over Developed countries
Functions of WTO are implementation of boost up tariffs and reduction of non-tarrif.
Agree
Not agree
There are functions of WTO, EXCEPT
Implementation of reduction in tariffs and non-tariffs
Collects information in respect of export-import trade
Regularly examined the foreign trade policies of the member nations
Blowing up of disputes
Practical issues in setting the dispute in WTO, the deliberation must be announced publicly
Correct
Wrong
United States limits the import of encryption technologies to national security reasons, also, China and Russia restrict the export of the same technologies to limit access to them.
True
Wrong
Protectionism means restriction trade to shield domestic industries from foreign competition
Correct
Wrong
The advantages protectionism, except:
Tariff
Import quota
Embargo
Balance of payment
Limiting the amount of goods that can be imported, called...
Import quota
Tariffs
Embargo
Import
One of the advantage in protecting domestic production is helps industries that are hurt by domestic competition
Correct
Wrong
By protectionism, it helps domestic industries which in the stage of?
Exported
Global industries
Infant industries
Local industries
Free trade is worse that protectionism
Wrong
Correct
