MGT 302 Quiz 4

Local Content Requirements

mandate that foreign producers use a certain amount of local materials in their domestic production.

Antidumping Policies

used to prevent foreign firms from selling goods too cheaply.

The _______ Round is the latest round of trade negotiations among the members of the World Trade Organization and its aim is to achieve major reform of the international trading system through the introduction of lower trade barriers and revised trade rules.

Doha

Tariffs

Duties imposed by a government on imported or exported goods.

Subsidies

Government payments to domestic producers that lower production costs.

Administrative Trade Policies

Bureaucratic rules that make if difficult for imports to enter a country.

The World Trade Organization (WTO) principle of _____ requires a member to handle foreign companies and products in the same manner as its own domestic companies and products.

National Treatment

Import quotas

Restrictions on the quantity of a good to be imported into a country.

Check all that apply. The World Trade Organization is _______.

a set of rules for trade a forum for settling disputes a negotiating forum