VOCA2

Question 1

Levy

Answer 1

Impose /collect (tax)

Question 2

Unilateral

Answer 2

Affecting oneside

Question 3

Bilateral

Answer 3

Affecting mutually

Question 4

GATT

Answer 4

General agreement on tariff and trade

Question 5

IMF

Answer 5

The International monetary fund

Question 6

IBRD

Answer 6

The international bank for reconstruction and development

Aka the world bank

Question 7

Fyi

Answer 7

For your information

Question 8

ITO

Answer 8

International trade organization

Question 9

GMAT

Answer 9

The 
Graduate 
Management 
Admission 
Test

Question 10

Misnomer

Answer 10

Call by wrong . Inappropriate name

Question 11

Misogyny

Answer 11

Hatred or distrust of women

Question 12

Signatories

Answer 12

Members in a contract

Question 13

Most favored nation

Answer 13

Misnomer,
Must offer same discount / rates for all
Signatories

Question 14

AD ?

Answer 14

Antidumping

When other nation tries to sell products at a lower than reasonable price

Question 15

CVD

Answer 15

Countervailing duty (CVD) laws allow a country to place a
countervailing duty (i.e. a tariff on imports) to counter the effects of a foreign government subsidy
on an imported product when the imports cause injury to domestic import-competing firms.