Foreign Trade Policy - Study Mode
[#101] Rapid economic development or economic growth requires most efficientuse of the
Correct Answer
(C) Both A and B
[#102] The organisation that currently establishes rules of conduct for firms engaging in international trade is the
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(D) World Trade Organisation
[#103] Match the following with regard to withdrawing measures lender TRIMS. List-I (Nations) List-II (Provisions) a. Developed countries 1. Within 2 years of date of entry in WTO b. Developing countries 2. Within 5 years of date of entry in WTO c. Least Developed countries 3. Within 3 years of date of entry in WTO 4. Within 5 years of date of entry in WTO
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(C) a-1, b-2, c-4
[#104] The Leontief paradox stated that
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(D) USA's exports were labour intensive and imports were capital intensive
[#105] Bilateral agreements that restrict exports are called
Correct Answer
(D) voluntary export restraints