国际经济学(外语)习题7.doc

Chapter 7 - International and Regional Trade Organizations Among Developed CountriesI. Objective Questions 1.EC 1992 required all of the following except (a)a single central bank.(b)no tariffs between member nations.(c)harmonized technical standards.(d)no exchange controls. 2.The greatest part of the EU budget is spent on(a)regional policy.(b)defense spending. (c)the common agricultural policy.(d)the European parliament. 3.Which statement is correct?(a)Both customs unions and free trade areas have a common external tariff.(b)A free trade area has a common external tariff and a custom union does not.(c)Neither free trade areas nor customs unions have a common tariff. (d)A customs union has a common external tariff but a free trade area lets its members determine individual tariffs. 4.What percentage of Canadian exports go to the U.S.?(a)5%.(b)20%.(c)50%. (d)75%. 5.The U.S.-Canada free trade area ensured (a)national treatment for each others firms.(b)reciprocal treatment for each others firms.(c)U.S. regulations will pertain in both countries.(d)that U.S./Canadian trade will be balanced by regulation. 6.The Unconditional Most Favored Nation principle means that a tariff concession granted to one country will(a)be extended to all other countries without exception. (b)be extended to all other countries that are WTO members.(c)be extended to all countries that make similar reciprocal concessions.(d)not be extended at all. 7.The Tokyo Round led to average tariff cuts on imports of manufactured goods of about(a)5%.(b)15%.(c)25%. (d)35%. 8.NAFTA(a)will eliminate all tariffs between the U.S. and Mexico immediately. (b)was never ratified by Congress.(c)will eliminate all restrictions on the movement of labor in North America. (d)will phase out tariffs and nontariff barriers over a fifteen year period. 9.A Keiretsu is(a)a Japanese tariff on automobiles. (b)a large Japanese industrial group.(c)a Japanese regulation covering rice trade.(d)the sound a person makes when sneezing.10.The principle that U.S. firms should be treated the same way in Japan as Japanese firms are in the U.S. is termed (a)reciprocity.(b)national treatment.(c)mutual recognition.(d)complementarity.11.When each country must treat foreign firms operating within its borders no less favorably than it treats its own firms, this is known as(a)reciprocity. (b)national treatment.(c)mutual recognition.(d)hospitality.12.EU members recognize product standards applied by other members and refrain from using product standards to restrict member imports. This is known as the principle of(a)reciprocity. (b)mutual recognition.(c)common understanding.(d)mutual interdependence.13.Uruguay Round tariff cuts averaged nearly (a)40 percent.(b)20 percent.(c)10 percent.(d) 5 percent.14.A major accomplishment of the Uruguay Round will be to (a)phase out the Multifiber Arrangement.(b)replace tariffs with VERs.(c)eliminate regional trade blocs.(d)eliminate trade-related investment barriers.15.One exceptio