6. Which of the following was the primary stumbling block in the Uruguay Round and the current Doha Round of trade negotiations? a. Insufficient commitments on agricultural liberalization b. Insufficient commitments on protection of intellectual property rights c. Excessive emphasis on protectionism to infant industries d. Excessive emphasis on the imposition of quality control norms e. Restriction on the mobility of skilled workforce between nations 7. When a domestic import-competing firm demonstrates that a surge of imported products has caused disruption in the market for a particular product and that the surge has substantially caused, or threatens to cause, serious injury to the domestic import-competing firms, can be implemented. a. countervailing duty b. antisubsidy laws c. safeguard laws d. antidumping laws e. specific subsidies 8. International studies prove that exchange rate volatility is negatively related to: a. the consumption demand in the economy. b. government spending. c. domestic investments. d. foreign direct investments. e. the current account balance. 9. Under the Bretton Woods system of fixed exchange rate: a. all countries fixed their currencies to gold. b. the pound was the reserve currency. c. all non reserve countries maintained equal interest rates d. the dollar was the reserve currency. e. reserve and non reserve countries maintained equal prices for homogenous goods and services. 10. Which of the following countries experienced a rapidly depreciating currency together with a rapid inflation rate during the 1980s and 1990s? a. China b. The U.S. c. Great Britain d. Turkey e. Ireland