While international trade has been present throughout much of history, its economic, social, and political importance has been ___ in recent centuries
Increasing
Decreasing
The other answers are correct
If Morocco produces a toy with a cost of 2 euros and a Spanish company needs to incur cost of 5 euros for the same toy ___
Spanish children won't have toys this year
The toys that are sold in Spain will be Morocan
The toys that are sold in Spain will be Spanish
Traditionally, trade was regulated through ___ treaties between two nations
Multilateral
Bilateral
Trilateral
The most economically powerful nations often engage in selective ___ for those industries that are strategically important, such as the protective tariffs applied to agriculture by the United States and Europe
The other answers are correct
Free trade
Protectionism
Agricultural lobbies, particularly in ___, are mainly responsible for particular rules in the main international trade treaties that allow more protectionism measures in agriculture than for other goods and services that don't exist
Poor of developping countries
The other answers are correct
The United States, Europe and Japan
The regulation of international trade is done through regional agreements such as the North American Free Trade Agreement (NAFTA) between ___
The United States, Canada and Mexico
The United States and Mexico
The United States and Canada
Historically, protectionism was associated with economic theories such as ___
Mercantilism
Free trade
The other answers are correct
As a general rule, tariffs are taxes on ___ goods
Exported
Imported
The other answers are correct
___ are limitations in quantily or units of products that can be imported in a given period (generally one year)
The other answers are correct
Import rappels
Import quotas
Direct subsidies are in the form of ___
The other answers are correct
Cheap loans
Lump sum payments
Through export subsidies, exporters are ___ a percentage of the value of their exports
The other answers are correct
Paid
Collected
Some of the main critics of the Common Agricultural Policy reject the idea of ___
Free market
Protectionism
The other answers are correct
Free trade allows trading partners mutual gains from trade, with goods and services produced according to the theory of ___ advantage
The other answers are correct
Absolute
Comparative
___ is a trade bloc that gives preferential access to certain productos from participating countries
A preferential trade area
A free trade area
A customs union
Indicate which is the correct statement:
The other answers are correct
Almost any preferential trade area has as its main goal to become a free trade area
Almost any free trade area has as its main goal to become a preferential trade area
In the customs union, the participating countries establish a ___ foreign trade policy, but, in some cases, use different import quotas
Diferentiated
Common
The other answers are correct
___ is the third phase of economic integration
The preferential trade area
The economic and monetary union
The customs union
The ___ Organization is an International organization designated by its founders to monitor and liberalize trade
World Trade
United Nations
North Atlantic
The World Trade Organization is currently trying to persist or develop a trade negociation called the ___ Round
Shenguen
Doha
Lisbon
The World Trade Organization (WTO) ___ dominated by a few but large industrial countries that negociate and make decisions behind closed doors
The other answers are correct
Isn't
Is
___ became the ninth Executive Director of the IMF on June 7, 2004 and resigned form his post at the end of October 2007
Rodrigo Rato
Carlos Areces
Emilio Botín
The European Union has a population of almost ___ million
300
450
400
The European Commission is expected to act ___
The other answers are correct
Depending on the national interests of the different member states
Only in the interest of the EU as a whole
Indicate which is the correct statement:
Each country has an established number of seats
All countries have the same number of seats
The other answers are correct
The ___ is the main decision-making body of the European Union