LSUS MBA 776 DARRAT EXAM 1 REVIEW
QUESTION SET WITH ACCURATE
ANSWERS
◉ Tariffs
Answer: a tax imposed by a government on goods entering at its
borders
◉ General Agreement on Tariffs and Trade (GATT)
Answer: a 1948 agreement that established an international
forum for negotiating mutual reductions in trade restrictions
◉ World Trade Organization (WTO)
Answer: a trade organization that replaced the old General
Agreement on Tariffs and Trade (GATT)
◉ trade barriers
Answer: tariffs, quotas, boycotts and embargoes
◉ International Monetary Fund (IMF)
Answer: an international organization that acts as a lender of last
resort, providing loans to troubled nations, and also works to
promote trade through financial cooperation
, ◉ World Bank Group
Answer: a group of five closely associated institutions that
provides financial and technical assistance to developing
countries
◉ Manifest Destiny
Answer: A notion held by a nineteenth-century Americans that
the United States was destined to rule the continent, from the
Atlantic the Pacific.
◉ Monroe Doctrine
Answer: an American foreign policy opposing interference in the
Western hemisphere from outside powers
◉ Roosevelt Corollary
Answer: Roosevelt's 1904 extension of the Monroe Doctrine,
stating that the United States has the right to protect its economic
interests in South And Central America by using military force
◉ The Basel Convention
Answer: an international treaty on the control of transboundary
hazardous wastes and their disposal
◉ sustainable development
QUESTION SET WITH ACCURATE
ANSWERS
◉ Tariffs
Answer: a tax imposed by a government on goods entering at its
borders
◉ General Agreement on Tariffs and Trade (GATT)
Answer: a 1948 agreement that established an international
forum for negotiating mutual reductions in trade restrictions
◉ World Trade Organization (WTO)
Answer: a trade organization that replaced the old General
Agreement on Tariffs and Trade (GATT)
◉ trade barriers
Answer: tariffs, quotas, boycotts and embargoes
◉ International Monetary Fund (IMF)
Answer: an international organization that acts as a lender of last
resort, providing loans to troubled nations, and also works to
promote trade through financial cooperation
, ◉ World Bank Group
Answer: a group of five closely associated institutions that
provides financial and technical assistance to developing
countries
◉ Manifest Destiny
Answer: A notion held by a nineteenth-century Americans that
the United States was destined to rule the continent, from the
Atlantic the Pacific.
◉ Monroe Doctrine
Answer: an American foreign policy opposing interference in the
Western hemisphere from outside powers
◉ Roosevelt Corollary
Answer: Roosevelt's 1904 extension of the Monroe Doctrine,
stating that the United States has the right to protect its economic
interests in South And Central America by using military force
◉ The Basel Convention
Answer: an international treaty on the control of transboundary
hazardous wastes and their disposal
◉ sustainable development
