Reference no: EM13791914
1. WTO member states are allowed to take measures contrary to the General Agreement on Tariffs and Trade (GATT 1994) if the measures are:
- essential to acquiring products in short supply.
- essential to controlling price increases caused by domestic labor disputes.
- essential to liquidating temporary surpluses of stocks that are the result of domestic hoarding.
- All of the above.
2. Most countries do not apply their labor laws extraterritorially.
3. Annually, the International Labor Organization holds a General Conference at which the Conference Committee on the Application of Conventions and Recommendations prepares and presents a special list of governments which have defaulted on their obligations to the ILO.
4. The oldest international organization that encourages and promotes international monetary cooperation is the:
- Bank for International Settlements.
- Citibank of New York.
- International Monetary Fund.
- World Bank.
- Bank of New York Mellon.
5. Workers who are leaving one European Union member state and entering another must produce:
- an exit visa.
- an entry visa.
- a passport or identity card.
- All of the above.
- Both b. and c. above.
6. Only "specific subsidies" are subject to the "disciplines" of the WTO's Agreement on Subsidies and Countervailing Measures.
7. Currently, the primary intergovernmental organization involved in promoting commodity arrangements is the:
- United Nations Conference of Trade and Development (UNCTAD).
- United Nations Economic and Social Council (ECOSOC).
- United Nations Food and Agriculture Organization (FAO).
- World Trade Organization (WTO).
- None of the above.
8. Which of the following rights guaranteed by the European Union's European Community Treaty apply to self-employed persons?
- Freedom of Movement.
- Freedom to Provide Services.
- Right of Establishment.
- All of the above.
- Both b. and c. above.
9. The General Agreement on Trade in Services (GATS) allows for developed and developing WTO member states to enter into negotiations targeted at improving the capacity, efficiency, and competitiveness of the developing members and create agreements similar to the GATT's General System of Preferences and South-South Preferences.
10. The General Agreement on Tariffs and Trade (GATT 1994) allows member states to enter into interim agreements leading to either a free trade area or a customs union to temporarily impose higher or more restrictive tariffs or regulations.