Please answer the below multiple choice questions:

Q - 1

What is the term for the programs that involve government aid to adversely affected businesses, workers, and communities when foreign competition displaces import-competing producers?

• Tariff assistance
• Quota assistance
• Trade adjustment assistance
• Trade barriers assistance

Q - 2

To administer the quota, the government allocates which one of the following to importers, permitting them to import the product only up to a prescribed limit regardless of market demand?

• Import licenses
• Import invoices
• Import certificates
• Import balance

Q - 3

What occurs when a firm disposes of excess inventories on foreign markets by selling abroad at lower prices than at home?

• Predatory dumping
• Persistent dumping
• Sporadic dumping
• None of the answers are correct

Q - 4

Which one of the following achieved across-the-board tariff cuts for industrial countries averaging 40%?

• The Washington Round
• The Uruguay Round
• The Berlin Round
• The Paris Round

Q - 5

Which one of the following has been used to preserve national security, protect human rights, and combat international terrorism and consists of trade and financial restraints imposed on foreign nations?

• Economic growth factors
• Economic sanctions
• Inflation factors
• None of the answers are correct

Q - 6

What is the term for the physical restriction on the quantity of goods that can be imported during a specific period, normally a year?

• A tariff
• An absolute quota
• A subsidy
• None of the answers are correct

Q - 7

Which one of the following has two components: an over-quota tariff and a quota that defines the maximum volume of imports and charges the within-quota tariff?

• A tariff
• A quota
• A tariff-rate quota
• A subsidy

Q - 8

Competing firms sometimes infringe on the rights of others by making a cheaper imitation of the original product, despite efforts to protect which one of the following?

• Intellectual property rights
• Intellectual transfer rights
• Intellectual trade rights
• Intellectual employment rights

Q - 9

Which agreement was the first major postwar step toward the liberalization of trade on a multilateral basis that was signed in 1947?

• The General Agreement on Protectionism
• The General Agreement on Infant Industries
• The General Agreement on Employment
• The General Agreement on Tariffs and Trade

Q - 10

Which one of the following specifies the number of goods to be imported each year but does not specify from where the product is shipped or who is permitted to import?

• Selective quota
• International quota
• Bilateral quota
• Global quota