The Role of Regulatory Agencies in International Trade Online Test

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The Role of Regulatory Agencies in International Trade

Description: This quiz is designed to test your knowledge on the role of regulatory agencies in international trade.
Number of Questions: 14
Created by: Aliensbrain Bot
Tags: international trade regulatory agencies government institutions

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What is the primary purpose of regulatory agencies in international trade?

To promote free trade and reduce barriers to trade
To protect consumers from unsafe or defective products
To ensure that businesses comply with environmental and labor standards
All of the above

Which international organization is responsible for setting standards and regulations for international trade?

World Trade Organization (WTO)
International Monetary Fund (IMF)
World Bank
United Nations Conference on Trade and Development (UNCTAD)

What is the most-favored-nation (MFN) principle in international trade?

A principle that requires countries to treat all trading partners equally
A principle that allows countries to discriminate against certain trading partners
A principle that allows countries to impose tariffs on imports
A principle that allows countries to subsidize exports

What is the purpose of a sanitary and phytosanitary (SPS) measure in international trade?

To protect human, animal, or plant life or health
To protect the environment
To promote free trade
To protect consumers from unsafe or defective products

What is the purpose of a technical barrier to trade (TBT) in international trade?

To protect human, animal, or plant life or health
To protect the environment
To ensure that products meet certain safety, quality, or performance standards
To protect consumers from unsafe or defective products

What is the purpose of an anti-dumping duty in international trade?

To protect domestic industries from unfair competition
To protect consumers from unsafe or defective products
To promote free trade
To protect the environment

What is the purpose of a countervailing duty in international trade?

To protect domestic industries from unfair competition
To protect consumers from unsafe or defective products
To promote free trade
To protect the environment

What is the purpose of a safeguard measure in international trade?

To protect domestic industries from a sudden surge in imports
To protect consumers from unsafe or defective products
To promote free trade
To protect the environment

What is the purpose of a trade agreement in international trade?

To reduce or eliminate tariffs and other barriers to trade
To protect consumers from unsafe or defective products
To promote free trade
To protect the environment

What is the purpose of a dispute settlement mechanism in international trade?

To resolve disputes between countries over trade issues
To protect consumers from unsafe or defective products
To promote free trade
To protect the environment

What is the purpose of a trade remedy in international trade?

To protect domestic industries from unfair competition
To protect consumers from unsafe or defective products
To promote free trade
To protect the environment

What is the purpose of a trade facilitation measure in international trade?

To reduce the costs and time associated with trading across borders
To protect consumers from unsafe or defective products
To promote free trade
To protect the environment

What is the purpose of a trade promotion measure in international trade?

To help businesses export their goods and services
To protect consumers from unsafe or defective products
To promote free trade
To protect the environment

What is the purpose of a trade adjustment assistance program in international trade?

To help workers and businesses who are negatively affected by trade
To protect consumers from unsafe or defective products
To promote free trade
To protect the environment

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