week 2 quiz
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School
Western Governors University *
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Course
22
Subject
Law
Date
Jan 9, 2024
Type
docx
Pages
2
Uploaded by ChiefBraveryWolf31
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1.
Question 1
What is a legal framework for member countries of WTO to do free trade?
1 / 1 point
Free Trade Agreement
Protectionism
Trade Agreement Act
Buy American Act
Correct
A free trade agreement (FTA) or treaty is a multinational agreement according to international law to form a free-trade area between the cooperating states. FTAs a form of trade pacts, determine the tariffs and duties that countries impose on imports and exports with the goal of reducing or eliminating trade barriers, thus encouraging international trade.
2.
Question 2
Which of following country is not a signatory of Free Trade Agreement with the US Federal Government? 1 / 1 point
Korea
Singapore
Australia
Japan
Correct
Country list for Free Trade Agreement with US https://2016.export.gov/fta/
3.
Question 3
Which chapter of Korea-US Free Trade Agreement deal with public procurement?
1 / 1 point
Chapter 1
Chapter 17
Chapter 8
Chapter 3
Correct
In Chapter 17 of Korea-US Free Trade Agreement mainly deals with all aspect of public procurement
and chapter 17-A covers exception and exclusion clauses which is not part of free trade agreement. 4.
Question 4
Which of following factor is not key aspect of public procurement?
1 / 1 point
Using public funds
Comply with public procurement rules and regulations
Maximizing the profits for commercial entity
Must be use for the public interests
Correct
Commercial or non-public procurement normally uses its own funds, follows its own internal rules and targeting to achieve maximum profit for the company.
5.
Question 5
What is name of regulation for US Federal Government to encourage US products for government procurement?
1 / 1 point
Buy American Act
Berry Amendment
RDP MOU
Free Trade Agreement
Correct
6.
Question 6
What is name of agreement for US Federal Government enter with foreign countries to provide favorable trading agreement?
1 / 1 point
Trade Agreement Act
Free Trade Agreement
Buy American Act
Berry Amendment
Correct
TAA is government trade agreement negotiated between the United States and other countries under the Trade Act of 1974. It provided the implementing legislation for the Tokyo Round of the General Agreement on Tariffs and Trade.
7.
Question 7
What is the name of agreement to enforce US Department of Defense to buy Made in US products?
1 / 1 point
Buy American Act
Berry Amendment
Free Trade Agreement
RDP MOU
Correct
The Berry Amendment is a statutory requirement that restricts the Department of Defense (DoD) from using funds appropriated or otherwise available to DoD for procurement of food, clothing, fabrics, fibers, yarns, other made-up textiles, and hand or measuring tools that are not grown, reprocessed, reused, or produced in the US.
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