eluminh0903
Which of the following is false about the agricultural industry: …
Which of the following is false about the agricultural industry:
Europe heavily subsidizes its farmers
Canada’s supply management system is a form of subsidy to Canadian farmers
Developed countries are most affected by agricultural subsidies
Wheat is Canada’s top food export
Concern for ___________ was the most common argument for Brexit among politicians and supporters. They argue that the European Commission is not directly accountable to voters in Britain and that Britain had to give up some degree of their control over key policy issues (monetary, fiscal, trade, etc.).
national sovereignty
cultural uniformity
cost
trade
The __________ was created to monitor and enforce the trade agreements made during the Uruguay Round. It is responsible for arbitrating trade disputes and monitoring the trade policies of member countries.
Agreement on Trade-Related Aspects of Intellectual Property Rights (TRIPS)
Doha Round
World Trade Organization
General Agreement of Tariffs and Trade
Many governments support domestic agricultural producers in the form of direct monetary support, price guarantee, etc. This is an example of which trade policy instrument?
subsidy
tariff
duty
quota
Saudi Arabia has announced that starting in 2024, the country will not work with foreign firms without a regional headquarter in Saudi Arabia. This is primarily to:
help create local jobs in Saudi Arabia
Ensure foreign firms can repatriate their profits
Avoid a diversification of Saudi Arabia’s economy
ban FDI
Under USMCA, which Canadian industry sector is now reluctantly opened to the US?
Automotive industry
Lumber industry
Electronics
Dairy industry
Baultar Inc., based in Quebec, designs and manufactures flooring for passenger transportation. Baultar transferred its manufacturing and installation expertise to a Mexican company. That partnership helped the company land a major contract with the STC (Mexico). Which of the following trade agreements helped Baultar access the Mexican market?
FTAA
NAFTA now USMCA
Mercosur
CARICOM
The Canadian government restricts foreign ownership of an airline in Canada up to 49%. This is an example of:
performance requirements.
ownership restraint.
voluntary export restraint.
government subsidy.
Brazil recently ditched a trade complaint against Canada over aircraft subsidies and called for wider negotiations between all aircraft producing nations. Which aerospace companies from these countries represent the heart of the trade complaint?
Boeing and Canadair
Embraer and Bombardier
Airbus and Boeing
Comax and Embraer
Canadian automakers are urging Finance Minister Chrystia Freeland adjust the upcoming federal budget given two recent major pieces of legislation in the U.S.: the Inflation Reduction Act and the Infrastructure Investment and Jobs Act, which include hundreds of billions of dollars in new spending and tax credits focused on battling climate change and creating green economy jobs. In particular, the two US laws dedicate US$41 billion to electric vehicle (EV) purchase incentives and charging infrastructure, and US$71 billion to advanced manufacturing, including EV and battery production. The Canadian automakers are attempting to:
level the playing field in EV batteries between Canada and the US
capitalize on the significant advantages to Canada from these two US pieces of legislation
press the Canadian government to impose tariffs on US EV cars
keep their firstcomer advantage
