Question : 31. (p. 29) What was the outcome for GATT, after the ratification of : 1242188

31. (p. 29) What was the outcome for GATT, after the ratification of the Uruguay Round agreements? 
A. It came into effect retrospectively, leading to huge payment deficits for member nations.
B. It became part of the World Trade Organization.
C. It triggered formation of competitive treaties from Asian nations.
D. The European Union decided to stay away from the treaty.
E. The original purpose was sidelined in favor of political and military intervention between member states.

32. (p. 30) According to the text, which were the two major challenges U.S. multinational corporations were facing at the close of the 1960s? 
A. The rise of socialism/communism in the (former) Soviet Union and the higher tariffs on imports
B. Growing jingoistic nationalism and a negative population growth rate in major international markets
C. Resistance to direct investment and increasing competition in export markets
D. Increasing Chinese domination in the manufacturing sector and the falling dollar in global markets
E. Political intervention in free trade movement and growing influence of consumer rights advocacy in the home market

33. (p. 30) In the worldwide economic growth and rebuilding after World War II, countries once classified as less developed were reclassified as ___. 
A. greenfield countries
B. growth economies
C. tier-II countries
D. developing countries
E. newly industrialized countries

34. (p. 30) Which of the following is the correct picture of the outcome of increased world trade after the 1950s, contrary to Servan-Schreiber’s prediction? 
A. Third World countries were excluded from this economic growth, thus leading to stark imbalances in wealth.
B. The European Union became the center of world trade, taking the position away from the U.S.
C. Japan became the dominant player in the world market, beating American and European multinationals.
D. Economic power and potential became more evenly distributed among countries.
E. Americans were able to reiterate their dominance in world trade through direct investment and growing exports.

35. (p. 32) The World Bank estimates that five countries whose share of world trade is barely one-third that of the European Union will, by 2020, have a 50 percent higher share than that of the European Union. Which of the following is NOT one of those five countries? 
A. Brazil
B. China
C. India
D. Indonesia
E. Rhodesia

36. (p. 28) The United States has many successful trade relationships. Four of these relationships account for a tremendous volume of trade. All of the following countries are among the top trade partners for the U.S. EXCEPT: 
A. Canada
B. Mexico
C. Japan
D. India
E. China

37. (p. 28) After World War II, United States set out to infuse the ideal of capitalism throughout as much of the world as possible through efforts like the _____ which was aimed at assisting in rebuilding Europe. 
A. Eisenhower Plan
B. Marshall Plan
C. Bradley Plan
D. Roosevelt Plan
E. Truman Plan

38. (p. 31) With respect to the nationality of the world’s 100 largest industrial corporations, the United States is home to the largest number of the top 100 firms. Which of the following countries is home to the second largest number of these firms? 
A. Germany
B. United Kingdom
C. France
D. Netherlands
E. Japan

39. (p. 31) After 1888, the United States had unparalleled growth and a favorable balance of trade until ___. After this date, the United States has a negative balance of trade. 
A. 1950
B. 1963
C. 1968
D. 1971
E. 1985

40. (p. 31) In 2007 this country ranked second behind the United States in the ranking of the world’s largest corporations. 
A. Netherlands
B. Japan
C. France
D. Germany
E. South Korea