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International Trade Quiz 82 (25 MCQs)

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1. What is the purpose of the Personal Information Protection and Electronic Documents Act (PIPEDA) in Canada?
2. Percentage of exclusion of world trade in textiles, other agricultural commodities and mining products from GATT-WTO liberalization.
3. The risk of a separate commercial transaction not being realized in a contractual way due to measures emanating from the government or authority of the buyer's own or any other foreign country. What is it?
4. What can be excluded from MFN include_____
5. The president has promised trade barriers against China and a lot of people are worried that China might retaliate and enact the same trade barriers? This sounds like the beginnings of a _____
6. Which of these will increase the United States trade deficit?
7. What is another form of invisible trade?
8. Selling goods abroad at a cheaper price than domestically is called_____
9. Policies in international trade that are carried out to protect domestic goods are called_____
10. What is Survival referring to in Global trade _____
11. The US imposed tariffs on cars and motorcycles from Germany.What is the effect of these tariffs?
12. This term means thta a quoted price includes the cost of goods and transport charges to the destination port.
13. Foreign trade is defined as selling goods to other countries
14. The dispute resolution system at the WTO recognizes 2 (two) levels of examination, namely_____
15. Many low-income countries rely on multinational companies (MNCs) to provide economic development.What is a disadvantage of this for the low-income country?
16. Which service allows Importers the option of duty-free or duty-deferral when importing goods?
17. What do you call the total value of everything that produced within the country borders?
18. Unfortunately it is _____ to keep the complete range in stock.
19. What is the primary purpose of freight insurance, also known as cargo insurance?
20. Good that is sent to another country for sale
21. What are objectives of WTO?
22. The manufacturer will issue a certificate of _____ certifying thah the goods have been made to the buyer's specifications.
23. Below are some of the elements of trade agreement except
24. Despite many sectors declined in trade post and during Covid, But the trade in Medical supplies has increased. By what percentage?
25. What is globalisation?
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