Exam 6: Trade Regulations and Industrial Policies

The high point of U.S.protection culminated with the passage of the:

Members of the General Agreement on Tariffs and Trade and its successor,the World Trade Organization,agree to the principle of nondiscrimination in trade and the reduction of trade barriers by multilateral negotiations.

As a way of helping U.S.business firms trade in the world market on a more equal terms with their organized foreign competitors,the U.S.government permits them to form export trade associations and export trading companies.

The Commodity Credit Corporation makes available export credit financing for U.S.agricultural exports.

The U.S."trade-remedy laws" could establish all of the following except:

Under the normal-trade-relations (most-favored-nation)principle,two nations agree to apply tariffs to each other at rates as low as those applied to any other nation.

Intellectual property refers to holdings of rare books and pieces of art that are traded on the world market.

In 1995 the ____ was established to administer the new global trade rules agreed in the Uruguay Round of multilateral trade negotiations.

In the post World War II era,the Japanese government formed industrial policies to encourage the development of its steel,auto,shipbuilding,and machine tool industries.