If a country faces action under Section 301 of the U.S. Trade Act of 1974, it means that the country has
A) exceeded average export growth by more than 50 percent.
B) tariffs that are above the legal limit.
C) been charged by the United States with systematically engaging in unfair trade practices.
D) been charged by the WTO with violating its trade obligations.
C
You might also like to view...
General equilibrium considerations lead to the realization that import-substituting policies have the effect of
A) discouraging exports. B) encouraging exports. C) encouraging an efficient use of a country's resources. D) generating large tariff revenues for the government. E) creating competitive manufacturing sectors.
If a firm is a perfectly competitive purchaser of factor inputs and the wage rate is $5, the marginal factor cost for labor is
A) greater than $5. B) less than $5. C) $5. D) indeterminate.
The prisoner's dilemma game:
A. is a zero sum game. B. is a game of chance. C. is a game with no dominant strategies. D. is a game with a stable equilibrium.
When economists propose taxes as a way to balance out the presence of externalities, they try to propose taxes:
A. on the action that creates the externality, rather than the externality itself. B. based on the externality itself, rather than the action that creates it. C. on what is simplest to implement. D. on what will likely generate the most revenue.