1. Match each of the following five
terms with a description of its application within the WTO. Place the letter of the appropriate
statement next to each term.
Trade-weighted
Average Tariff ______________
|
A. Type
of analysis where the
effects of policy actions are examined only in the markets which are
directly affected and in which
supply and demand curves are used. |
Partial
Equilibrium ________
|
B. This
results when one divides total tariff revenue by the value of imports. |
National
treatment _______
|
C. A
trade law that provides protection against unfair pricing by foreign firms.
|
Anti-Dumping __________
|
D. Requires
that a product made in one WTO member country be treated no less favorably
than a similar good originating in another member country. |
Most
Favored Nation _______
|
E. Requirement
that foreign goods, once they have entered a WTO country, be treated no
less favorably than domestically produced goods. |
