Site MapHelpFeedbackMatching Quiz
Matching Quiz
(See related pages)

Match the terms on the left with the definition in the column on the right




Match:
1


World Trade Organization (WTO)

2


General Agreement on Tariffs and Trade (GATT)

3


import-license auction

4


fixed favoritism

5


voluntary export restraints (VER)

6


quota

7


most favored nation status (MFN)

8


resource-using application

A)when the government insists that firms compete for import licenses in a nonprice way such as on a first-come, first-served basis.
B)when two countries agree to levy tariffs on each other at rates as low as those levied on any other country with whom they trade.
C)organization that has overseen global rules of government policy toward international trade.
D)selling off the right to import goods subject to aquota.
E)a limit on the total quantity of imports allowed into acountry each year.
F)a "provisional" agreement signed by 23 countries in 1947.
G)the allocation of import licenses when the government simply assigns the fixed shares to firms without competition, applications, or negotiations.
H)arrangements by which the government of an importing country forces foreign governments to limit the number of exports to that country.







International EconomicsOnline Learning Center

Home > Chapter 8 > Matching Quiz