In a periodic review system, if the average demand increases by 100%, the restocking level is:

A) increased by 200%.
B) decreased by 100%.
C) decreased by 50%.
D) increased by 40%.

Answer: B

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U.S. sugar import quotas have existed for more than fifty years and preserve about half of the U.S. sugar market for domestic producers. These quotas are examples of ________

A) embargoes B) nationalization C) protectionism D) expropriation E) disintermediation

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Which of the following is an incorrect statement regarding TRIPS?

A) TRIPS ensures equal protection through it national treatment policy and it most-favored-nation policy. B) TRIPS expands the copyright protection in the Berne Convention to include computer programs and rental rights. C) TRIPS has a protection category of geographical indications. D) TRIPS mandates patent protection for at least 14 years.

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