The Pattern of Imports and Exports That Occurs in the Absence

question 34

Multiple Choice

The pattern of imports and exports that occurs in the absence of trade barriers is called ________.

• A)vertical integration
• B)autarky
• C)protectionism
• D)free trade

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Definitions:

Specific Personal Jurisdiction

A doctrine permitting adjudication of a claim against a defendant only if the defendant purposely availed himself or herself of the protections of the forum and if the selected forum is reasonable.

WTO

The World Trade Organization, an international body that regulates and facilitates global trade agreements and disputes.

GATT

General Agreement on Tariffs and Trade, a multilateral treaty aimed at reducing trade barriers and promoting international trade.

International Trade Arbitration Forum

A platform or organization dedicated to resolving disputes related to international trade through arbitration rather than courts.