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Which term describes the economic effect when trade shifts from a more efficient supplier outside a trade bloc to a less efficient one within the bloc due to pr…

Trade creation

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Which term describes the economic effect when trade shifts from a more efficient supplier outside a trade bloc to a less efficient one within the bloc due to pr…

Market access

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Which term describes the economic effect when trade shifts from a more efficient supplier outside a trade bloc to a less efficient one within the bloc due to pr…

Subsidy control

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Which term describes the economic effect when trade shifts from a more efficient supplier outside a trade bloc to a less efficient one within the bloc due to pr…

Trade diversion

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Which term describes the economic effect when trade shifts from a more efficient supplier outside a trade bloc to a less efficient one within the bloc due to pr…

Most-Favored-Nation treatment

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Which term describes the economic effect when trade shifts from a more efficient supplier outside a trade bloc to a less efficient one within the bloc due to pr…

National Treatment

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Which term describes the economic effect when trade shifts from a more efficient supplier outside a trade bloc to a less efficient one within the bloc due to pr…

Tariff escalation

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Which term describes the economic effect when trade shifts from a more efficient supplier outside a trade bloc to a less efficient one within the bloc due to pr…

Reciprocity

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Which term describes the economic effect when trade shifts from a more efficient supplier outside a trade bloc to a less efficient one within the bloc due to pr…

Trade facilitation

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Which term describes the economic effect when trade shifts from a more efficient supplier outside a trade bloc to a less efficient one within the bloc due to pr…

Safeguard measures

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Which term describes the economic effect when trade shifts from a more efficient supplier outside a trade bloc to a less efficient one within the bloc due to pr…

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What is the main function of the WTO's Appellate Body?

To negotiate new trade agreements

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What is the main function of the WTO's Appellate Body?

To enforce environmental standards

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What is the main function of the WTO's Appellate Body?

To control global shipping routes

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What is the main function of the WTO's Appellate Body?

To set global tariff rates

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What is the main function of the WTO's Appellate Body?

To manage customs unions

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What is the main function of the WTO's Appellate Body?

To issue export licenses

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What is the main function of the WTO's Appellate Body?

To monitor labor standards

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What is the main function of the WTO's Appellate Body?

To regulate currency exchange

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What is the main function of the WTO's Appellate Body?

To resolve investment disputes

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What is the main function of the WTO's Appellate Body?

To review appeals of dispute settlement panel decisions

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What is the main function of the WTO's Appellate Body?

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Which concept refers to the use of trade policy to achieve non-economic objectives, such as human rights?

Trade conditionality

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Which concept refers to the use of trade policy to achieve non-economic objectives, such as human rights?

Tariff escalation

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Which concept refers to the use of trade policy to achieve non-economic objectives, such as human rights?

Trade creation

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Which concept refers to the use of trade policy to achieve non-economic objectives, such as human rights?

Safeguard measures

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Which concept refers to the use of trade policy to achieve non-economic objectives, such as human rights?

Market access

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Which concept refers to the use of trade policy to achieve non-economic objectives, such as human rights?

Trade diversion

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Which concept refers to the use of trade policy to achieve non-economic objectives, such as human rights?

Subsidy control

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Which concept refers to the use of trade policy to achieve non-economic objectives, such as human rights?

Reciprocity

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Which concept refers to the use of trade policy to achieve non-economic objectives, such as human rights?

Most-Favored-Nation treatment

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Which concept refers to the use of trade policy to achieve non-economic objectives, such as human rights?

National Treatment

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Which concept refers to the use of trade policy to achieve non-economic objectives, such as human rights?

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What is the main objective of the General Agreement on Trade in Services (GATS)?

To control trade in goods

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What is the main objective of the General Agreement on Trade in Services (GATS)?

To enforce environmental standards

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What is the main objective of the General Agreement on Trade in Services (GATS)?

To liberalize international trade in services

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What is the main objective of the General Agreement on Trade in Services (GATS)?

To regulate agricultural subsidies

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What is the main objective of the General Agreement on Trade in Services (GATS)?

To regulate currency exchange

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What is the main objective of the General Agreement on Trade in Services (GATS)?

To manage intellectual property rights

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What is the main objective of the General Agreement on Trade in Services (GATS)?

To set global tariff rates

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What is the main objective of the General Agreement on Trade in Services (GATS)?

To manage customs unions

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What is the main objective of the General Agreement on Trade in Services (GATS)?

To resolve investment disputes

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What is the main objective of the General Agreement on Trade in Services (GATS)?

To monitor labor standards

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What is the main objective of the General Agreement on Trade in Services (GATS)?

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Which WTO agreement deals with the application of sanitary and phytosanitary measures?

SPS Agreement

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Which WTO agreement deals with the application of sanitary and phytosanitary measures?

GATT Article XX

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Which WTO agreement deals with the application of sanitary and phytosanitary measures?

TBT Agreement

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Which WTO agreement deals with the application of sanitary and phytosanitary measures?

Marrakesh Agreement

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Which WTO agreement deals with the application of sanitary and phytosanitary measures?

Plurilateral Agreement

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Which WTO agreement deals with the application of sanitary and phytosanitary measures?

TRIPS Agreement

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Which WTO agreement deals with the application of sanitary and phytosanitary measures?

TRIMs Agreement

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Which WTO agreement deals with the application of sanitary and phytosanitary measures?

Agreement on Agriculture

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Which WTO agreement deals with the application of sanitary and phytosanitary measures?

Doha Declaration

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Which WTO agreement deals with the application of sanitary and phytosanitary measures?

GATS Agreement

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Which WTO agreement deals with the application of sanitary and phytosanitary measures?

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Which article of GATT allows for exceptions to trade rules for environmental protection?

Article XX

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Which article of GATT allows for exceptions to trade rules for environmental protection?

Article I

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Which article of GATT allows for exceptions to trade rules for environmental protection?

Article XVI

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Which article of GATT allows for exceptions to trade rules for environmental protection?

Article XI

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Which article of GATT allows for exceptions to trade rules for environmental protection?

Article XIX

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Which article of GATT allows for exceptions to trade rules for environmental protection?

Article XXIV

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Which article of GATT allows for exceptions to trade rules for environmental protection?

Article V

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Which article of GATT allows for exceptions to trade rules for environmental protection?

Article II

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Which article of GATT allows for exceptions to trade rules for environmental protection?

Article XXVIII

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Which article of GATT allows for exceptions to trade rules for environmental protection?

Article III

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Which article of GATT allows for exceptions to trade rules for environmental protection?

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Which principle of the WTO prohibits discrimination between trading partners?

Safeguard principle

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Which principle of the WTO prohibits discrimination between trading partners?

Subsidy Control principle

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Which principle of the WTO prohibits discrimination between trading partners?

Most-Favored-Nation (MFN) principle

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Which principle of the WTO prohibits discrimination between trading partners?

Tariff Binding principle

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Which principle of the WTO prohibits discrimination between trading partners?

Transparency principle

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Which principle of the WTO prohibits discrimination between trading partners?

Trade Facilitation principle

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Which principle of the WTO prohibits discrimination between trading partners?

Dispute Settlement principle

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Which principle of the WTO prohibits discrimination between trading partners?

Reciprocity principle

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Which principle of the WTO prohibits discrimination between trading partners?

National Treatment principle

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Which principle of the WTO prohibits discrimination between trading partners?

Market Access principle

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Which principle of the WTO prohibits discrimination between trading partners?

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What is the primary purpose of the WTO's Trade Policy Review Mechanism (TPRM)?

To increase transparency and understanding of trade policies

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What is the primary purpose of the WTO's Trade Policy Review Mechanism (TPRM)?

To monitor labor standards

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What is the primary purpose of the WTO's Trade Policy Review Mechanism (TPRM)?

To control global shipping routes

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What is the primary purpose of the WTO's Trade Policy Review Mechanism (TPRM)?

To enforce environmental standards

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What is the primary purpose of the WTO's Trade Policy Review Mechanism (TPRM)?

To manage customs unions

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What is the primary purpose of the WTO's Trade Policy Review Mechanism (TPRM)?

To set global tariff rates

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What is the primary purpose of the WTO's Trade Policy Review Mechanism (TPRM)?

To resolve investment disputes

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What is the primary purpose of the WTO's Trade Policy Review Mechanism (TPRM)?

To impose sanctions on non-compliant countries

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What is the primary purpose of the WTO's Trade Policy Review Mechanism (TPRM)?

To regulate currency exchange

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What is the primary purpose of the WTO's Trade Policy Review Mechanism (TPRM)?

To negotiate new trade agreements

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What is the primary purpose of the WTO's Trade Policy Review Mechanism (TPRM)?

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Which WTO agreement specifically addresses trade-related investment measures?

TRIMs Agreement

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Which WTO agreement specifically addresses trade-related investment measures?

TRIPS Agreement

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Which WTO agreement specifically addresses trade-related investment measures?

SPS Agreement

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Which WTO agreement specifically addresses trade-related investment measures?

GATT Article XXIV

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Which WTO agreement specifically addresses trade-related investment measures?

Doha Declaration

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Which WTO agreement specifically addresses trade-related investment measures?

Marrakesh Agreement

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Which WTO agreement specifically addresses trade-related investment measures?

Agreement on Agriculture

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Which WTO agreement specifically addresses trade-related investment measures?

Plurilateral Agreement

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Which WTO agreement specifically addresses trade-related investment measures?

TBT Agreement

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Which WTO agreement specifically addresses trade-related investment measures?

GATS Agreement

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Which WTO agreement specifically addresses trade-related investment measures?

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What is the main difference between a free trade area and a customs union?

A free trade area is only for services

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