Exam 3: International Trade: Institutional Barriers and Facilitators

A higher black market exchange rate, compared to the market exchange rate, can signal a likely appreciation of the local currency.

The most severe nontariff barriers to trade include:

Voluntary import expansions are not voluntary at all.

In the United States, which entity regulates foreign trade zones?

Which country is currently experiencing an arms embargo imposed by the United Nations Security Council as a punishment for its support of Sierra Leone's Revolutionary United Front?

Because of high levels of underemployment, Eastern European countries are lobbying against granting import licenses while actively supporting foreign direct investment.

The African Growth and Opportunity Act (AGOA) allows countries in sub-Saharan Africa to use third-country fabrics and export them duty-free to the United States.

Standards as barriers to trade are frequently used as barriers to:

Embargoes and sanctions are imposed by a ____ against (a) ____:

Tariffs are any type of tax imposed on goods entering a particular country.

A foreign trade zone

______________________________ are established only within existing economic and technological development zones.

A country using a(n) ______________________________ strategy does not allow importers to exchange local currency for the seller's currency.

The Food and Agriculture Organization (FAO), headquartered in Rome, Italy, is a United Nations Organization.

A(n) ____________________ prohibits all business deals with a country.

Which of the following countries received the Permanent-Normal-Trade-Relations status in 2007?

Voluntary export quotas are no longer used since they were banned by the International Monetary Fund.

____________________ are any type of tax imposed on goods entering a particular country.

With regard to price controls, the term dumping refers to:

Which of the following is not protected under the Agreement on Trade Related Aspects of Intellectual Property Rights (TRIPS)?