71. Which of the following is an example of a non-tariff trade barrier?
a) Import duties
b) Export subsidies
c) Quotas
d) Trade missions
72. The “national treatment” principle of the WTO states that:
a) Domestic industries should receive preferential treatment
b) Imported goods should be subject to higher tariffs
c) Foreign companies should be treated equally to domestic companies
d) Trade barriers should be imposed on specific countries
73. Which of the following is an example of a trade finance instrument?
a) Quota
b) Tariff
c) Letter of credit
d) Subsidy
74. The Trade-Related Aspects of Intellectual Property Rights (TRIPS) Agreement is administered by:
a) World Bank
b) World Trade Organization (WTO)
c) United Nations (UN)
d) International Monetary Fund (IMF)
75. The concept of “trade liberalization” refers to:
a) Imposing restrictions on international trade
b) Promoting fair trade practices
c) Reducing trade barriers and regulations
d) Increasing protectionist policies
