question What is the primary purpose of the World Intellectual Property Organization WIPO in commerce

What is the primary function of the International Monetary Fund (IMF) in commerce?

A. Regulating international trade
B. Providing financial assistance to countries facing balance of payments problems
C. Managing fiscal policy
D. Controlling inflation

What is the primary purpose of a trade embargo in international commerce?

A. Promoting free trade
B. Restricting or prohibiting trade with a specific country
C. Managing fiscal policy
D. Controlling inflation

What does the term "tariff" refer to in international commerce?

A. Government subsidies
B. Import and export taxes
C. Currency exchange rates
D. Economic sanctions

What is the primary objective of consumer protection laws in commerce?

A. Maximizing profits for businesses
B. Ensuring fair and ethical business practices
C. Restricting competition
D. Reducing product quality

Which international organization promotes fair labor standards and workers' rights in commerce?

A. International Monetary Fund (IMF)
B. World Trade Organization (WTO)
C. International Labour Organization (ILO)
D. World Health Organization (WHO)

In commerce, what does the term "brand equity" refer to?

A. Market share
B. The financial value of a brand
C. Advertising expenses
D. Product pricing

What is the purpose of the General Agreement on Tariffs and Trade (GATT) in commerce?

A. Regulating domestic trade
B. Promoting free trade and reducing trade barriers
C. Managing fiscal policy
D. Controlling inflation

What is the primary purpose of a balance of trade in international commerce?

A. Regulating international trade
B. Monitoring the exchange rate
C. Measuring the difference between exports and imports
D. Managing fiscal policy

Commerce MCQS - QUESTION DETAILS

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