Study your flashcards anywhere!

Download the official Cram app for free >

  • Shuffle
    Toggle On
    Toggle Off
  • Alphabetize
    Toggle On
    Toggle Off
  • Front First
    Toggle On
    Toggle Off
  • Both Sides
    Toggle On
    Toggle Off
  • Read
    Toggle On
    Toggle Off
Reading...
Front

How to study your flashcards.

Right/Left arrow keys: Navigate between flashcards.right arrow keyleft arrow key

Up/Down arrow keys: Flip the card between the front and back.down keyup key

H key: Show hint (3rd side).h key

A key: Read text to speech.a key

image

Play button

image

Play button

image

Progress

1/119

Click to flip

119 Cards in this Set

  • Front
  • Back
GDP
gross domestic product
CGD
Center for Global Development
WTO
World Trade Organization
IMF
International Monetary Fund
OECD
Organization for Economic Cooperation and Development
ITO
International Trade Organization
GATT
General Agreement on Tariffs and Trade
IBRD
International Bank for Reconstruction and Development
EME
Emerging Market Economies
UN
United Nations
UNCTAD
United Nations Conference on Trade and Development
ILO
International Labor Organization
WIPO
World Intellectual Property Organization
EU
European Union
NAFTA
North American Free Trade Area
PTA
preferential trade agreement
RTA
regional trade agreement
FTA
free trade agreement
CAFTA
Central American Free Trade Area
ADD and definition
Anti-Dumping Duty. Tariff levied on imports in retaliation for selling below fair value
OPEC
Organization of Petroleum Exporting Countries
CA and definition
Comparative advantage is a relatively low price in comparison with other countreis in autarky
Heckscher-ohlin model- another name and definition
factor proportions model. comparative advantage is determined by factor endowment and factor intensity. countries export goods that use abundant factors
LDC
least developed country
IIT and definition
intra-industry trade; countries can export the same good to each other
TOT and define
Terms of trade; price of exports relative to imports
DWL
deadweight loss
NTB
non tariff barriers
define quota rent
profit from buying at world price and selling at higher domestic price
TRQ
tariff rate quota
VER
voluntary export restraint
CAP
common agriculture policy
AD
anti dumping
FPE
factor price equalization
ECB
european central bank
USTR
us trade rep
ITA, decides what
international trade administration, decides fairness
USITC, decides what
us international trade commission, decides injury
TAA, define
trade adjustment assistance; provides temporary help to firms hurt by imports
TPA; define
trade promotion agency; fast track
GSP; define
generalized system of preferences; allows lower tariffs to some developing country exports
CVD; define
countervailing duty; subsidy practically
UNCTAD
un conference for trade and development
ILO
international labor org
WIPO
world intellectual property organization
VER
voluntary export restraint
CAP
common agriculture policy
AD
anti dumping
FPE
factor price equalization
ECB
european central bank
USTR
us trade rep
ITA, decides what
international trade administration, decides fairness
USITC, decides what
us international trade commission, decides injury
TAA, define
trade adjustment assistance; provides temporary help to firms hurt by imports
TPA; define
trade promotion agency; fast track
GSP; define
generalized system of preferences; allows lower tariffs to some developing country exports
CVD; define
countervailing duty; subsidy practically
UNCTAD
un conference for trade and development
ILO
international labor org
WIPO
world intellectual property organization
VER
voluntary export restraint
CAP
common agriculture policy
AD
anti dumping
FPE
factor price equalization
ECB
european central bank
USTR
us trade rep
ITA, decides what
international trade administration, decides fairness
USITC, decides what
us international trade commission, decides injury
TAA, define
trade adjustment assistance; provides temporary help to firms hurt by imports
TPA; define
trade promotion agency; fast track
GSP; define
generalized system of preferences; allows lower tariffs to some developing country exports
CVD; define
countervailing duty; subsidy practically
UNCTAD
un conference for trade and development
ILO
international labor org
WIPO
world intellectual property organization
VER
voluntary export restraint
VER
voluntary export restraint
CAP
common agriculture policy
AD
anti dumping
CAP
common agriculture policy
FPE
factor price equalization
AD
anti dumping
ECB
european central bank
FPE
factor price equalization
USTR
us trade rep
ECB
european central bank
ITA, decides what
international trade administration, decides fairness
USTR
us trade rep
USITC, decides what
us international trade commission, decides injury
ITA, decides what
international trade administration, decides fairness
TAA, define
trade adjustment assistance; provides temporary help to firms hurt by imports
USITC, decides what
us international trade commission, decides injury
TAA, define
trade adjustment assistance; provides temporary help to firms hurt by imports
TPA; define
trade promotion agency; fast track
TPA; define
trade promotion agency; fast track
GSP; define
generalized system of preferences; allows lower tariffs to some developing country exports
GSP; define
generalized system of preferences; allows lower tariffs to some developing country exports
CVD; define
countervailing duty; subsidy practically
CVD; define
countervailing duty; subsidy practically
UNCTAD
un conference for trade and development
UNCTAD
un conference for trade and development
ILO
international labor org
ILO
international labor org
WIPO
world intellectual property organization
WIPO
world intellectual property organization
NGO
non governmental organizations
GATS
general agreement of trade in services
TRIPs
trade related aspect of intellectual property rights
mfn
most favored nation
ustpa
us trade promotion authority
mnc
multinational corp
mne
multinational enterprise
tnc
trans national corp
bit
bilateral investment treaty
ver
voluntary export restraint
PNTR
permanent normal trade relations
gsp
generalized system of preferences
mfa
multi-fiber agreement
PPP
purchasing power parity