国际经济学(外语)习题6.doc

Chapter 6 - U.S. Commercial PolicyI. Objective Questions 1.The purpose of the Trade Agreements Act of 1934 was to(a)ensure the U.S. had a good supply of raw materials.(b)aid nations adversely affected by the Great Depression. (c)open markets for U.S. exports.(d)strengthen the alliance against Germany. 2.The 1958 extension of the Trade Agreements Act offers industries relief from tariff reduction in the form of (a)exemption from corporate tax for affected industries.(b)reintroduction of import restrictions if injury can be shown.(c)reintroduction of import restrictions if the industry can be shown to be essential to national security. (d)b and c. 3.The first trade-adjustment program giving special benefits to workers made unemployed by tariff concessions was embodied in the(a)1934 Trade Agreements Act. (b) 1958 extension of the Trade Agreements Act.(c)1962 Trade Expansion Act.(d)Trade Reform Act of 1974. 4.The U.S. tariff reached its highest level in(a)1990.(b)1910. (c)1930.(d)1950. 5.During the Reagan administration trade adjustment assistance payments were(a)completely phased out.(b)increased because of rising unemployment.(c)at roughly the level that they were under the Carter administration. (d)sharply curtailed. 6.The 301 clause of the 1988 Omnibus Trade and Competitiveness Act requires the administration to(a)deny MFN status to any nation that circumvents U.S. trade barriers.(b)deny any aid to countries that trade unfairly with the U.S. (c)counter unfair trade practices abroad.(d)counter unfair trade practices in the U.S. market. 7.The cornerstone of U.S. commercial policy has been (a)the Reciprocal Trade Agreements Act.(b)labor unions.(c)the 1988 Trade Act.(d)the Agricultural Adjustment Act.8.Reciprocal trade legislation is intended to(a)extend tariff preferences to LDCs.(b)block formation of customs unions. (c)reduce protection levels and prevent injury.(d)pry open foreign markets while retaining barriers at home. 9.The only major country that requires legislative approval prior to entering into a trade agreement is(a)Japan. (b)the U.S.(c)Germany.(d)Canada.10.A domestic industry that is injured by increased imports as a result of a trade concession can apply for relief under the(a)section 301 provision. (b)escape clause.(c)Maastricht Treaty.(d)national security clause.11.In 1986, the U.S. machine tool industry obtained relief from import competition using the(a)Maastricht Treaty.(b)escape clause. (c)national security clause.(d)section 301 provision.12.Which of the following is intended to assist U.S. firms in gaining relief from unfair trade practices in foreign countries? (a)section 301 provision.(b)national security clause.(c)escape clause.(d)Maastricht Treaty.13.Which of the following should be relied upon to target growth industries in the U.S.?(a)Congress.(b)Secretary of the Interior.(c)the President. (d)the marketplace.14.The Generalized System of Preferences is expected to stimulate LDC exports through the use of(a)free trade areas. (b)tariff preferences.(c)foreign aid.(d)export rebates.15.Commercial policy is largely the result of(a)treaties with the IMF.(b)opinions of the President.(c)guidelines in the U.S. Constitution. (d)special interest group actions.16.Trade Promotion Authority is a feature of U.S. trade legislation that (a)requires Congress to vote on international trade legislation before considering domestic legislation.(b)enables Congress to quickly introduce amendments to trade legisla