EXAM Flashcards
(20 cards)
Which of the following are quota’s effects?
a) ensure the supply and demand balancing on the internal market;
b) are basic elements in the drafting of the compound customs tariff;
c) have the major effect of creating free trade areas;
d) assists the state in precisely determining
the origin of the goods and their degree of processing.
a) ensure the supply and demand balancing on the internal market;
Among the functions of the foreign trade policy can be mentioned:
a) the monetary equilibrium function;
b) function of ensuring the necessity of raw materials;
c) promotion function;
d) the function of increasing the internal productivity.
c) promotion function;
The measures taken to stimulate exports may be:
a) exclusively at international level;
b) exclusively at national level;
c) exclusively at company level;
d) at both macro and microeconomic level.
d) at both macro and microeconomic level.
An example of the institutionalization of trade policy measures at multilateral international level is:
a) the establishment of compensatory customs duties;
b) the creation of the United
Nations;
c) the fall of communist regimes;
d) the creation of the GATT and the WTO.
d) the creation of the GATT and the WTO.
An argument for protectionism can be:
a) the existence of new industries to be helped;
b) ensuring the necessary of raw materials from imports;
c) outlets created for domestic production; d) strengthening diplomatic relations with neighbors.
a) the existence of new industries to be helped;
Worldwide, free trade is:
a) the basic rule followed by trade;
b) an exception in a trade characterized by neo-protectionism;
c) a non-viable solution that decreases the domestic productivity of the state that practices it;
d) the phenomenon opposed to the economic globalization.
a) the basic rule followed by trade;
The custom union, in addition to the free trade area:
a) permits free movement of labor force;
b) has a common external tariff;
c) removes non-tariff barriers;
d) has common measures to promote exports.
b) has a common external tariff;
Direct export subsidies:
a) are always considered illegal;
b) are always considered unfair;
c) they are considered to be unfair practices, with the exception of essential products for export;
d) are considered to be illegal practices, with the exception of products essential to export.
c) they are considered to be unfair practices, with the exception of essential products for export;
Customs duties/tariffs are:
a) direct taxes aimed at protecting industry and domestic consumers;
b) non-tariff protection measures;
c) instruments to promote national exports;
d) indirect taxes aimed at protecting industry and domestic consumers.
d) indirect taxes aimed at protecting industry and domestic consumers.
According to subject of taxation, the customs duties/tariffs are:
a) ad valorem, specific and mixed;
b) import, export and transit tariffs;
c) autonomous and conventional;
d) antidumping and countervailing measures.
b) import, export and transit tariffs;
Tax incentives have a similar role:
a) direct export subsidies;
b) indirect export subsidies;
c) export bonuses/premiums;
d) none of the above variants.
b) indirect export subsidies;
The principle of equal opportunities is promoted through:
a) Multi fiber Agreement;
b) MFN;
c) the National Regime Clause;
d) the measures to amplify the economic results.
c) the National Regime Clause;
Specific customs duties:
a) shall be independently determined by each State, for States with which there are no commercial conventions;
b) it is fixed on the basis of agreements with other states;
c) are determined as a result of illicit practices of trading partners;
d) shall be set in a fixed charge for each unit of goods imported (physical unit of
cargo).
d) shall be set in a fixed charge for each unit of goods imported (physical unit of
cargo).
Import quotas are:
a) blocking imports from a state, for a period of time;
b) deliberate reduction of exports to partners with a chronic trade deficit;
c) deliberate increase in the level of imports from a partner state;
d) quantitative or value ceilings limiting the import or export of goods over a given period.
d) quantitative or value ceilings limiting the import or export of goods over a given period.
A customs duties’ positive effect on the domestic economy is:
a) the occurrence of losses for domestic consumers;
b) increased exports;
c) eliminating uncompetitive economic
sectors;
d) protecting the indigenous workforce.
d) protecting the indigenous workforce.
Voluntary imports expansion takes place when:
a) the importing country has a chronic
deficit, or the exporting country has a chronic deficit;
b) the exporting country has a chronic
deficit, the importing country has a chronic surplus;
c) the importing country has a chronic
surplus and the exporting country has a
chronic surplus;
d) the exporting country has a chronic surplus and the importing country has a chronic shortage.
b) the exporting country has a chronic
deficit, the importing country has a chronic surplus;
A peculiarity of non-tariff instruments is:
a) that produce less protectionist effects
than customs duties;
b) have a relatively small number;
c) have very varied areas of application;
d) give transparency to a state’s trade policy.
c) have very varied areas of application;
An example of variable levies is:
a) the mechanism of import prices of agricultural products in the EU;
b) Multi fiber Agreement;
c) Most Favored Nation Clause;
d) Generalized System of Preferences.
a) the mechanism of import prices of agricultural products in the EU;
In the mechanism of fiscal adjustments at the border are used:
a) specific customs duties;
b) value added tax, cascade duties, hidden taxes, port, statistical, sanitary or consular
fees;
c) import quotas and licenses;
d) minimum and maximum prices.
b) value added tax, cascade duties, hidden taxes, port, statistical, sanitary or consular
fees;
Multiple exchange rates are:
a) direct quotation measures between euro area currencies;
b) measures to curb international currency fluctuations;
c) stock quotes of major currencies;
d) exchange rates used by states with non-convertible currency to favor certain trade flows.
d) exchange rates used by states with non-convertible currency to favor certain trade flows.
