Question 1
2.5 out of 2.5 points
Which of the following is NOT a policy that trade liberalization would seek to
eliminate?
Selected
2.
Answer:
trade
agreements
Correct
2.
Answer:
trade
agreements
Response Refer to Chapter 1, pp. 22-24, and Assignment 1
Feedback:
Question 2
2.5 out of 2.5 points
Which of the following does NOT describe the WTO?
Selected
2.
Answer:
was drafted in Havana, Cuba
in 1948
Correct
2.
Answer:
was drafted in Havana, Cuba
in 1948
Response The questions asks which is NOT correct. We know that a trade
Feedback:
institution was discussed at Bretton Woods but not created. We
also know that the WTO didn't come into creation until 1995,
with the GATT guiding international trade from 1947-1994. We
have also learned that it covers international trade for most
countries globally, that it has a broad mandate, and that it
expanded GATT. Therefore, the correct answer is 2. See
Chapter 2/Lecture 2.
Question 3
2.5 out of 2.5 points
The WTO relies on
Selected
1.
Answer:
agreement by
consensus
Correct
1.
Answer:
agreement by
consensus
Response See Chapter 2/Lecture 2 on decision-making in WTO,
, Feedback: intergovernmental bargaining, multiyear rounds and difficulty
getting consensus.
Question 4
2.5 out of 2.5 points
The majority of regional trade agreements
Selected
4.
Answer:
are Free Trade
Areas
Correct
4.
Answer:
are Free Trade
Areas
Response See Chapter 2. For those of us who are visual learners, Oatley
Feedback: has provided quite a graphic representation on p. 37.
Question 5
2.5 out of 2.5 points
The enforcement problem of trade agreements refers to the fact that
Selected
2.
Answer:
governments cannot be certain that other governments will
comply with the trade agreements they conclude
Correct
2.
Answer:
governments cannot be certain that other governments will
comply with the trade agreements they conclude
Response Refer to pp.
Feedback: 58-59
Question 6
2.5 out of 2.5 points
If more trade is created than diverted, a regional trade agreement (RTA)
Selected
2.
Answer:
has liberalized
trade
Correct
2.
Answer:
has liberalized
trade
Response Refer to p.
Feedback: 40
2.5 out of 2.5 points
Which of the following is NOT a policy that trade liberalization would seek to
eliminate?
Selected
2.
Answer:
trade
agreements
Correct
2.
Answer:
trade
agreements
Response Refer to Chapter 1, pp. 22-24, and Assignment 1
Feedback:
Question 2
2.5 out of 2.5 points
Which of the following does NOT describe the WTO?
Selected
2.
Answer:
was drafted in Havana, Cuba
in 1948
Correct
2.
Answer:
was drafted in Havana, Cuba
in 1948
Response The questions asks which is NOT correct. We know that a trade
Feedback:
institution was discussed at Bretton Woods but not created. We
also know that the WTO didn't come into creation until 1995,
with the GATT guiding international trade from 1947-1994. We
have also learned that it covers international trade for most
countries globally, that it has a broad mandate, and that it
expanded GATT. Therefore, the correct answer is 2. See
Chapter 2/Lecture 2.
Question 3
2.5 out of 2.5 points
The WTO relies on
Selected
1.
Answer:
agreement by
consensus
Correct
1.
Answer:
agreement by
consensus
Response See Chapter 2/Lecture 2 on decision-making in WTO,
, Feedback: intergovernmental bargaining, multiyear rounds and difficulty
getting consensus.
Question 4
2.5 out of 2.5 points
The majority of regional trade agreements
Selected
4.
Answer:
are Free Trade
Areas
Correct
4.
Answer:
are Free Trade
Areas
Response See Chapter 2. For those of us who are visual learners, Oatley
Feedback: has provided quite a graphic representation on p. 37.
Question 5
2.5 out of 2.5 points
The enforcement problem of trade agreements refers to the fact that
Selected
2.
Answer:
governments cannot be certain that other governments will
comply with the trade agreements they conclude
Correct
2.
Answer:
governments cannot be certain that other governments will
comply with the trade agreements they conclude
Response Refer to pp.
Feedback: 58-59
Question 6
2.5 out of 2.5 points
If more trade is created than diverted, a regional trade agreement (RTA)
Selected
2.
Answer:
has liberalized
trade
Correct
2.
Answer:
has liberalized
trade
Response Refer to p.
Feedback: 40
