Foreign Trade, Policy, Balance of Trade, Balance of Payments, and the World Trade Organization (WTO)


86. Which of the following is an example of a trade promotion measure?
a) Imposing export restrictions
b) Implementing import tariffs
c) Providing export subsidies
d) Restricting foreign direct investment

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87. The concept of “trade in services” includes activities related to:
a) Manufacturing and production
b) Agriculture and farming
c) Tourism and transportation
d) Import and export of goods

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88. The Trade-Related Investment Measures (TRIMs) Agreement is a part of:
a) World Bank
b) World Trade Organization (WTO)
c) United Nations (UN)
d) International Monetary Fund (IMF)

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89. The concept of “tariff” refers to a:
a) Limitation on the quantity of imports
b) Tax imposed on imported goods
c) Subsidy provided to domestic producers
d) Trade agreement between countries

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90. The General Agreement on Trade in Services (GATS) is a WTO agreement that aims to:
a) Regulate intellectual property rights
b) Promote fair competition in services trade
c) Eliminate trade barriers for developing countries
d) Regulate environmental standards in trade

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