Automobiles imported from Canada or Mexico must have 60% North American content to be eligible for tariff elimination under NAFTA rules. This is an example of:
a. a rules of origin requirement.
b. an environmental standard.
c. a health and safety requirement.
d. a preferential trade agreement.
Ans: a. a rules of origin requirement.
You might also like to view...
Differentiate between the following three political regimes—monarchy, dictatorship, and representative democracy
What will be an ideal response?
Refer to Table 2-16. Estonia has a comparative advantage in the production of
A) cell phones. B) both products. C) lumber. D) neither product.
Refer to the accompanying table below. The marginal benefit of the 5th unit of activity is:Units of ActivityTotal CostTotal Benefit0$0$01$30$1002$40$1603$60$1904$100$2105$150$2206$210$225
A. $44 B. $10 C. $50 D. $5
Refer to the given figure.
If the Federal Reserve wants to set the nominal interest rate at 9 percent, it must conduct open market ________ to set the money supply at ________.
A. sales; 900 B. sales; 100 C. purchases; 900 D. purchases; 100