examen 3 semestre

Question 1

Regulate and promote foreign trade, increase the competitiveness of the national economy, promote efficient use of the country’s productive resources, integrate the mexican economy with the international one, defend the productive plant of unfair practices and contribute to the welfare of the population.

Answer 1

the main objective of foreign trade

Question 2

what does the article 4 of foreign trade law tell us?

Answer 2

right to establish measures

Question 3

who is the one that can put restrictive measures?

Answer 3

the government of the republic

Question 4

whats the purpose of the foreign trade law?

Answer 4

regulate and promote foreign trade

Question 5

who can propose tariff modifications to the executive power?

Answer 5

the ministry of economy

Question 6

what are ad-valorem tariffs?

Answer 6

fixed percentage of the good imported

Question 7

What is the formula to calculate a country’s GDP?

Answer 7

GDP= C + I + G + X - I

Question 8

What is one of the main customs related authority in Mexico?

Answer 8

SAT

Question 9

Which customs-related law is a legal instrument through which Mexican commercial policy is
defined?

Answer 9

General Import and Export Tax Law (LIGIE)

Question 10

What is the treaty with which the WTO was created?

Answer 10

The Marrakesh Agreement

Question 11

What does GATT stand for?

Answer 11

General Agreement on Tariffs and Trade

Question 12

Which scheme regulates dispute settlement in the WTO?

Answer 12

The Uruguay round agreement

Question 13

When was formally initiated the Process of Accession of Mexico to the GATT

Answer 13

1985

Question 14

In the round of negotiations what
happened in Ginebra 1947?

Answer 14

Formation of GATT

Question 15

Which is NOT part of the WTO’s administrative
structure?
1. the ministerial conference
2. the general conference
3. the general council

Answer 15

The general conference

Question 16

How many parts does the GATT had?

Answer 16

4

Question 17

How many international observer organization does the WTO currently have?

Answer 17

7

Question 18

Why did the prices go up so drastically in 1917?

Answer 18

• the demand of raw materials
• shipping complications
• the discontinuance of trade with some nations

Question 19

Mention the greatest trade flows in the world in 1913

Answer 19

canada and US to the UK

Question 20

What treaty made official the alliance between the Austro-Hungarian and German empires?

Answer 20

The austro-german treaty

Question 21

which countries signed the Entente Cordiale?

Answer 21

France and Britain

Question 22

When did globalization completely recovered after WWI?

Answer 22

1970

Question 23

With the dissolution of which empire the exports dropped drastically from 1913-1923?

Answer 23

Russian empire

Question 24

What was the commercial Pre-WWI period called?

Answer 24

The price depression

Question 25

What was the country that wanted to impose itself in the historical period "imperialism"?

Answer 25

The UK

Question 26

When did the Great Depression ocurred?

Answer 26

thursday 24 of october of 1929

Question 27

Which plan helped resolve the Great Depression

Answer 27

new deal

Question 28

It reÿers to conflicts between different nation-states and conflicts between people and organizations in different nation-states.

Answer 28

international conflict

Question 29

There are main reasons of why an International Conflict occurs, how many are they?

Answer 29

5

Question 30

How do conflicts indirectly affect the population?

Answer 30

Through detrimental impacts on political and social institutions and destruction of infrastructure.

Question 31

how do conflicts impact trade ?

Answer 31

increasing the sales of the country in conflict

Question 32

Why does an armed conflict taking place on another continent affect inflation on our continent?

Answer 32

because the countries involved are major exporters of commodities in our country

Question 33

Why is international trade affected by armed conflicts that take place between only 2 countries?

Answer 33

because it affects the import and export of these countries and the closing of borders and ports

Question 34

What are the two types of armed conflicts?

Answer 34

national and international

Question 35

How does international armed conflicts affect foreign trade?

Answer 35

Supply chains, imports and exports, increase of prices of goods

Question 36

What are International Conflict Resolutions concerned about?

Answer 36

remove tension between states

Question 37

how many years are calculated to have had no war

Answer 37

270

Question 38

Goods which add to or subtract from the stock of material resources of a country by entering or leaving its economic territory

Answer 38

trading goods

Question 39

which is an example of consumption abroad?

Answer 39

having a medical procedure done in another country

Question 40

In what year did The General Agreement on Trade in Services (GATS) treaty come into force?

Answer 40

1995

Question 41

Which of the following was NOT an objective of the Uruguay Round? a. Reducing agricultural subsidies b. Lifting restrictions on foreign investment c. Begin the process of opening trade in services d. Encourage sustainable trade development

Answer 41

d. Encourage sustainable trade development

Question 42

The most favored nation (MFN) principle means that all countries should treat all their trade partners

Answer 42

equally

Question 43

Which of these GATT principles said that all member countries have the same status?

Answer 43

Principle of equality among states