The GATT (General Agreement on Tariffs and Trade) was set up as a successor to the WTO (World Trade Organization). True False

It is appropriate for a country to impose trade restrictions on exports that might endanger its national security. True False

Match the trade barrier with the example. Use the picture below to answer the question, each word is only used once.

Trade, tariffs, and protectionism.  Discuss the World Trade Organisation Rules which member countries are required to follow.

Define protectionism and explain non-tariff barriers to trade. Who are the major beneficiaries and losers from protectionism in an economy engaging in protectionism?

Have the Trump tariffs damaged US trade relations with the EU?

You are watching the nightly news. A political candidate being interviewed says, "I'm for free trade, but it must be fair trade. If our foreign competitors will not raise their environmental regulations, reduce subsidiaries to their export industries, and lower tariffs on their imports of our goods, we should retaliate with tariffs and import quotas on there goes to show them that we won't be played for fools!"

Describe the economic impacts of trade.

The World Trade Organization provides legally binding ground rules for international commerce and trade policy. True False

Identify and discuss the regional trade agreement that covers most of the countries, including south afr