In a large and diversified economy like the United States, international trade u

Question

In a large and diversified economy like the United States, international trade usually hurts more people domestically than it helps.
True
False

If Mexico levies an import quota on U.S. cars, the price of automobiles in the United States is likely to rise.
True
False

The most-favored-nation clause was created in the
a. Trade Expansion Act of 1962
b. Marshall Plan
c. Reciprocal Trade Agreements Act of 1934
d. Canadian-American Trade Act



The primary function of the Export-Import Bank is to assist in
a. guaranteeing markets for U.S. importers
b. financing exports from the United States
c. providing foreign currency to U.S. banking institutions
d. reducing tariff rates between trading nations


The value of U.S. exports is less than 10 percent of its GDP.
True
False

Explanation / Answer

False T C B T

Related Questions

Navigate

• Browse (All)
• Browse I
• Subjects

---

---

Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.