Question 21

Regarding sectoral issues and NAFTA:

	a.	No other trade sector is as complex or highly regulated as agricultural trade.
	b.	NAFTA contains specific rules of origin for determining when a textile product has originated in North America.
	c.	Mexico has long had an open automobile market, which has encouraged trade.
	d.	NAFTA has no rules regarding government procurement.

Question 22

Country-of-origin information impacts all of the following except:

	a.	The tariff classification of the article.
	b.	The rate of duty on an import.
	c.	The applicability of a quota.
	d.	The applicability of a countervailing duty.

Question 23

Goods re-exported without having been significantly altered after being imported are subject to a refund of duties paid known as a:

	a.	Same condition drawback.
	b.	Manufacturing drawback.
	c.	Substitution drawback.
	d.	Non-transformation drawback.

Question 24

A law or regulation affecting a product's characteristics that must be met before a product can enter a country is a:

	a.	Product standard.
	b.	Government procurement law.
	c.	Technical regulation.
	d.	Product limitation.

Question 25

In response to the recent financial crisis, the Eurozone states launched a permanent funding program for the rescue of states undergoing financial crisis called the:

	a.	Eurozone Crisis Act.
	b.	European Fiscal Compact.
	c.	European Stability Mechanism.
	d.	None of the above

Question 26

Goods re-exported without having been significantly altered after being imported are subject to a refund of duties paid known as a:

	a.	Same condition drawback.
	b.	Manufacturing drawback.
	c.	Substitution drawback.
	d.	Non-transformation drawback.

Question 27

In EU Measures Concerning Meat and Meat Products, the WTO Dispute Resolution Panel decided:

	a.	The EC's regulation permitting zero residue violates the SPS agreement because internationally accepted standards permit residue.
	b.	Where no internationally accepted standards exist, the EC ban on that hormone was not allowed because it was not based on a risk assessment using scientifically accepted principals.
	c.	The decision of the Dispute Resolution Body was overturned by the WTO Appellate Body in January of 1998.
	d.	Both A and B are true.

Question 28

The majority of the gross domestic product in the U.S. is produced by:

	a.	Trade in services.
	b.	Technology industries.
	c.	Service industries.
	d.	Manufacturing industries.

Question 29

Which of the following combinations of drawbacks are not applicable?

	a.	Same condition and manufacturing.
	b.	Manufacturing and substitution.
	c.	Substitution and same condition.
	d.	Any of the above combinations could occur.

Question 30

The goals of the Maastricht Treaty included

	a.	Promoting social progress and cohesion.
	b.	Assertion of the EU's identity on the international scene.
	c.	Protection of the rights and interests of the Nationals of member states by introduction of a citizenship of the Union.
	d.	A and B only.
	e.	A, B, and C.

Question 31

According to GATT, quotas are considered acceptable devises for regulating trade only where:

	a.	They are enacted into law by a nation's legislative body.
	b.	A nation has first petitioned the United Nations for permission to do so.
	c.	Nations are engaged in a trade war.
	d.	A nation is imposing a temporary safeguard to protect its balance of payments.

Question 32

In determining the description of an article under the tariff schedules by the courts

	a.	a and c
	b.	WTO definitions
	c.	Common meaning