Question

Question 1

1. In 2003, the ________ ruled that U.S. tariffs on steel imported from the EU were unfair and allowed the EU to issue retaliatory tariffs on U.S. products.

   		World Trade Organization
   		United Nations
   		European Central Bank
   		International Human Rights Commission

Question 2

1. The idea of the U.S.-Canadian Free-Trade Agreement that ________ barriers to trade including tariffs and quotas between the United States and Canada by 1998 was to increase the amount that the United States exports to Canada and the amount that the United States imports from Canada.

   		increased all
   		removed some
   		removed all
   		increased some

Question 3

1. According to the theory of comparative advantage, a country should specialize and ________ goods with ________ opportunity cost.

   		import; the lowest
   		import; negative
   		export; the lowest
   		export; the highest

Question 4

1. A quota is a restriction on imports.

   True

   False

   Question 5

   1. If Holland decreases subsidies to its tulip growers, the price of tulips in the United States will rise.

      True

      False

   Question 6

   1. According to comparative advantage, trade between two countries allows ________ of the trading countries to use its resources most efficiently.

      		only the smaller
      		only the larger
      		neither
      		each

   Question 7

   1. ________ U.S. president(s) who has/have held office since GATT was signed has argued for free-trade policies, yet each one has used his powers to protect various sectors of the economy.

      		Only one
      		No
      		Every
      		Only 3

   Question 8

   1. In 1991, the European Union began the process of forming the

      		largest free-trade zone in the world.
      		only continental military force in the world.
      		first international trade agreement in the world.
      		first unified currency in the world.

      1. 
         

         Question 9

         1. The Smoot-Hawley tariff set off an international trade war in the

            		1930s.
            		1950s.
            		1970s.
            		1990s.

            
            
            
            Please help me with these questions Thank you.