COPYRIGHTED MATERIAL
ARE YOU FINANCIALLY LITERATE? CHAPTERS 15-17
19. What is the focus of G20? Who attends? _ ____________________________________________________________________ _ ____________________________________________________________________ 20. Each of these is a member of the G20, except: a. South Korea, India, Saudi Arabia, Russia b. U.S., EU, Canada, China, Indonesia c. Mexico, South Africa, Turkey, Brazil d. Venezuela, Sweden, Australia 21. What does GATT stand for? When and why was GATT enacted? What were the deficiencies of GATT? _ ____________________________________________________________________ _ ____________________________________________________________________ _ ____________________________________________________________________ _ ____________________________________________________________________ 22. What is “free” trade? _ ____________________________________________________________________ _ ____________________________________________________________________ 23. What organization, founded in 1995, is dedicated to the promotion of free trade by breaking down global barriers to trade and providing a forum for negotiating trade agreements and resolving disputes? a. the United Nations b. the World Bank c. the World Trade Organization d. the IMF 24. With regard to free trade, what is a quota? _ ____________________________________________________________________ 25. What is the Doha Round? When did it start? _ ____________________________________________________________________ 26. What is a Regional Trade Agreement? Name three RTA’s and proposed RTAs to which the U.S. is a party. ______________________________________________________________ It is an international forum for central bank governors (directors) from 20 major industrialized economies. General Agreement on Tariffs and Trade; 1947; to eliminate prewar protectionist trade practices; by the 1990s it was apparent that modern commerce had changed, and GATT was not as relevant, particularly in the area of IP. The unrestricted purchase and sale of goods and services between nations, the free movement of imports and exports. Restrictions on quantities that can flow into or out of a country. It is the latest round of trade negotiations between WTO nations. 2001. Multilateral trade agreements within a geographic region; _ ____________________________________________________________________ PRODUCT PREVIEW NAFTA, TPP, TTIP
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Assessment 332
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