SA IBL TB8e Ch10
CHAPTER 10—LAWS GOVERNING ACCESS TO FOREIGN MARKETS
TRUE/FALSE
1. The WTO Report European Communities-Measures Affecting Asbestos and Asbestos-Containing Products was about a country's right to pass laws protecting the public safety under GATT.
ANS: T PTS: 1
2. The GATT dispute panel found that Thailand's import restrictions on Tobacco could not be justified as being necessary for the protection of domestic agriculture.
ANS: T PTS: 1
3. The GATT Agreement on Agriculture is expected to increase export opportunities for agricultural products and to reduce government subsidies.
ANS: T PTS: 1
4. The largest purchaser of U.S. agricultural products is Russia.
ANS: F PTS: 1
5. Trade-related investment measures are those restrictions a nation places or foreign investment that adversely affect trade in goods or services.
ANS: T PTS: 1
6. A product standard is a law or regulation affecting a product's characteristics that must be met before a product can be sold in a country.
ANS: F PTS: 1
7. The Flammable Fabrics Act is an example of a technical regulation.
ANS: T PTS: 1
8. Trade discrimination can occur even when imported and domestic products are treated the same.
ANS: T PTS: 1
9. After many years of work by the European Union Commission, most European countries have agreed on similar standards for consumer products.
ANS: F PTS: 1
10. The GATT Agreement on Technical Barriers to Trade governs the use of technical regulations, product standards, testing, and certifications among WTO member countries.
ANS: T PTS: 1
11. The principle of least-restrictive trade means that otherwise valid restrictions on trade can be no more restrictive than necessary to achieve the goals for which they were imposed.
ANS: T PTS: 1
12. The GATT dispute panel found that Thailand's regulations on the importation of cigarettes was justified.
ANS: F PTS: 1
13. Under GATT, an exception from the national treatment provision is granted to allow governments to
TRUE/FALSE
1. The WTO Report European Communities-Measures Affecting Asbestos and Asbestos-Containing Products was about a country's right to pass laws protecting the public safety under GATT.
ANS: T PTS: 1
2. The GATT dispute panel found that Thailand's import restrictions on Tobacco could not be justified as being necessary for the protection of domestic agriculture.
ANS: T PTS: 1
3. The GATT Agreement on Agriculture is expected to increase export opportunities for agricultural products and to reduce government subsidies.
ANS: T PTS: 1
4. The largest purchaser of U.S. agricultural products is Russia.
ANS: F PTS: 1
5. Trade-related investment measures are those restrictions a nation places or foreign investment that adversely affect trade in goods or services.
ANS: T PTS: 1
6. A product standard is a law or regulation affecting a product's characteristics that must be met before a product can be sold in a country.
ANS: F PTS: 1
7. The Flammable Fabrics Act is an example of a technical regulation.
ANS: T PTS: 1
8. Trade discrimination can occur even when imported and domestic products are treated the same.
ANS: T PTS: 1
9. After many years of work by the European Union Commission, most European countries have agreed on similar standards for consumer products.
ANS: F PTS: 1
10. The GATT Agreement on Technical Barriers to Trade governs the use of technical regulations, product standards, testing, and certifications among WTO member countries.
ANS: T PTS: 1
11. The principle of least-restrictive trade means that otherwise valid restrictions on trade can be no more restrictive than necessary to achieve the goals for which they were imposed.
ANS: T PTS: 1
12. The GATT dispute panel found that Thailand's regulations on the importation of cigarettes was justified.
ANS: F PTS: 1
13. Under GATT, an exception from the national treatment provision is granted to allow governments to