Trade Policy and Agreements Quiz

What is the main reason countries trade according to the text?

During which period was considered the 'Golden Age of trade'?

What are some of the trade policy instruments mentioned in the text besides tariffs and quotas?

What major organization is highlighted as crucial in regulating the world trading system?

What technology was widely adopted in the 1970s and 80s that led to a fall in transport costs?

Which two countries experienced huge increases in exports according to the text?

What event stopped the increase in trade due to protectionist measures?

Since when has the share of trade as a percentage of GDP been increasing according to the text?

'Golden Age of trade' was characterized by:

'Rise of global value chains' is associated with which period?

What is the formula for calculating total merchandise trade for country A in 2010?

Which factor is NOT considered when calculating the growth in trade from 1960 to 2010?

What core principle of the WTO ensures non-discriminatory trade practices among member nations?

What is an example of a protectionist trade policy?

What event occurred in 2018 that had an impact on the world trading system according to the text?

Which trade policy institution was founded in 1995 to regulate and promote free trade?

What did AUS and NZ do in 2023 according to the text?

What is the purpose of a countervailing duty investigation according to the text?

'Temporary trade barriers' mentioned in the text include all of the following EXCEPT:

'Most-favored nation (MFN)' principle of the WTO ensures that: