BUSINESS 3001 Chapter 06 The Political Economy of International Trade True / False Questions 1. Subsidies are a trade policy instrument. True False 2. Tariffs are the most complex instrument of trade policy. True False 3. Tariffs are the instrument that the GATT and WTO have been most successful in limiting. True False 4. In recent decades, a fall in subsidies, quotas, and voluntary export restraints has been accompanied by a corresponding fall in nontariff barriers....

BUSINESS 3001 Chapter 06 The Political Economy of International Trade True / False Questions 1. Subsidies are a trade policy instrument. True False 2. Tariffs are the most complex instrument of trade policy. True False 3. Tariffs are the instrument that the GATT and WTO have been most successful in limiting. True False 4. In recent decades, a fall in subsidies, quotas, and voluntary export restraints has been accompanied by a corresponding fall in nontariff barriers....