stud
bud
Sign up
Log in
Home
Library
Explore
SAT
More
WTO QUIZ Flashcards | StudBud
Explore
/
WTO QUIZ
WTO QUIZ
20 terms
·
StudBud Administration
·
40 plays
presentation task - IPE
Flashcards
20 cards
F
Practice quiz
P
Host live
L
Questions
20
Answers
1
China is seen as particularly _______ in nature by other economies.
popular
mercantilist
protectionist
liberal
2
Total US tariffs applied exclusively to Chinese goods:
$223 billion
$550 billion
$185 billion
$60 billion
3
Which options are considered a benefit to global trade?
Removing tariffs enabling us to buy cheaper imports
Increasing prices for consumers
Lower prices for consumers
Not removing tariffs
4
The WTO
handles trade disputes of members
regulates WTO trade agreements
Works with other orginizations
examine national trade policy
5
What is the WTO?
Organization aimed at liberalizing trade
Water Tower Organization
Organization aimed at establishing National Communism
A money laundering facility
6
In 2001, the US angered many members of the WTO by raising its tariffs on steel. By how much?
30%
20%
10%
45%
7
Which of the following
is
a member of the WTO?
Cuba
North Korea
Bhutan
Eretrea
8
Select 1 positive impact that the WTO have had on global trade.
The number of multinational companies has increased.
Global trade is increasing faster than GDP
The development gap is growing and getting wider.
Average tariffs down by 90% from 1947
9
The WTO is located in Bern, Switzerland
True
False
10
China used to be classified as a ______________ for at least 15 years as part of its 2001 membership terms.
periphery market
market economy
non-market economy
spicy mayo chicken legend
11
Steel row between US and China led to Trump threatening to leave the WTO.
True
False
12
Who is the head of the organization?
Roberto Azevêdo
Xabi Alonso
Gianni Infantino
None of the above
13
Total Chinese tariffs applied exclusively to US goods:
$185 billion
$572 billion
$60 billion
$223 billion
14
What was the World Trade Organisation originally called?
the General Agreement on Trade and Transactions
the International Monetary Fund
the Tariff Accords
the General Agreement on Tariffs and Trade
15
Maintaining trade opportunities in China for US business was the purpose of what?
Gentleman's Agreement
open door policy
Dollar Diplomacy
Roosevelt Correlary
16
What percentage of the countries of the world are members of the WTO
75%
80%
100%
95%
17
Why did China's rural areas suffer when it entered the WTO? Select one correct answer.
People preferred to buy imported agricultural goods
Chinese agricultural goods had to compete with imports
Rural areas produced less products.
Rural areas were slow in its production.
18
who has missed using Quiz?
ME!!!
no one :/
Everyone
Henry
19
What was the name of John Hay's plan to open trade in China?
The Open Trade Agreement
The McKinley Act
The Open Door Note
General Tso's Trading Post
20
Tariff rates on Chinese goods fell from _____ in 1992 to 14.11% in 2001.
65.6%
25.04%
32.2%
14.97%
