When the United States gives MFN status to China, it means that

A) China is treated better than other U.S. trading partners.
B) China is treated the same as other U.S. trading partners.
C) China is treated worse than other U.S. trading partners.
D) China is better than all the nations in the WTO.
E) China is legally bound to reciprocate.


B

Economics

You might also like to view...

The United States is a country with a high saving rate

Indicate whether the statement is true or false

Economics

How is the official poverty line determined in the United States? What alternative method of measuring poverty has been suggested? Explain

What will be an ideal response?

Economics

Which of the following is NOT one of the potential sources of lower growth in productivity cited by Gordon?

A) falling productivity in the public utilities industry B) wasted resources in the construction of unnecessary infrastructure C) increases in energy prices D) a decrease in growth of the capital stock

Economics

Suppose there are 11 buyers and 11 sellers, each willing to buy or sell one unit of a good, with values {$14, $13, $12, $11, $10, $9, $8, $7, $6, $5, $4,}. Assume no transaction costs and a competitive market. Now suppose competition among several market makers forces the spread down to $4 . How many goods are traded?

a. Four b. Five c. Six d. Seven

Economics