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 import growth by more than 301 percent.
B) exceeded average export growth by more than 301 percent.
C) tariffs that are above 301 percent.
D) been charged by the United States with systematically engaging in unfair trade practices.
E) been charged by the WTO with violating its trade obligations.
D
You might also like to view...
Explain the total revenue test
What will be an ideal response?
When countries specialize, total world output increases, and, therefore, the potential for greater total world consumption also increases
a. True b. False Indicate whether the statement is true or false
If the cross elasticity of demand for good x with respect to the price of good y is positive, then goods x and y are
A) normal goods. B) inferior goods. C) complements. D) substitutes.
The following accompanying table shows the relationship between the speed of a computer's CPU and its benefits and costs. Assume that all other features of the computer are the same (that is, CPU speed is the only source of variation), and only the CPU speeds listed below are available for purchase. CPU GHzTotal BenefitMarginal BenefitTotal CostMarginal Costs2.0$1,000 $900 2.5$1,400 $1003.0 $300$1,200 3.5$1,900 $1,500 4.0$2,000 $400The marginal cost of upgrading from a 2.5GHz to 3.0GHz computer is:
A. $300. B. $100. C. $400. D. $200.