Vincennes University AGBS 434 TRUE/FALSE QUESTIONS Chapter 6 1)The provision of international market information is more important to small firms than to large firms

Vincennes University

AGBS 434

TRUE/FALSE QUESTIONS

Chapter 6

1)The provision of international market information is more important to small firms than to large firms.

2. In the Doha Round the U.S. desires to enhance the benefits to developing countries from the international trading system.

3. NAFTA is a common market

4. The EU is more highly integrated economically than NAFTA.

5. The EU is an economic union.

6. U.S. development assistance ultimately decreases U.S. agricultural competitiveness, increases competition, and depresses world market prices.

7. MERCOSUR is a common market.

8. Free trade increases food security

9. U.S. trade policy and development policy are separate issues

10. The emphasis in NAFTA has been on market integration

11. Food safety as an element of food security has few trade implications

12. Much like lawyers supporting unlimited damages awarded by juries, lawyers also support TRLs

13. All American Presidents since WW II have embraced freer trade

14. If NAFTA markets do not integrate by free trade, they will integrate by movements of capital investment

15. The United States emphasizes positive food diplomacy

16. U.S. foreign development assistance is not in the interest of farmers.

17. Bilateral trade agreements have the potential to undermine the WTO

18. A new world order referred to as globalization has developed, and there is no turning back.