96. The concept of “dumping” is most closely associated with:
a) Export subsidies
b) Import duties
c) Quotas
d) Intellectual property rights
97. The concept of “trade deficit” refers to a situation where:
a) Exports exceed imports
b) Imports exceed exports
c) The balance of trade is zero
d) The balance of payments is positive
98. The Trade-Related Aspects of Intellectual Property Rights (TRIPS) Agreement covers:
a) Copyrights and trademarks
b) Agricultural subsidies
c) Foreign direct investment
d) Export quotas
99. Which of the following is an objective of the World Trade Organization (WTO)?
a) Promoting regional trade agreements
b) Restricting foreign investment
c) Reducing trade barriers
d) Providing development aid to member countries
100. The concept of “trade facilitation” refers to:
a) Promoting fair trade practices globally
b) Simplifying customs procedures and reducing red tape
c) Establishing import quotas to protect domestic industries
d) Negotiating preferential trade agreements
