Since World War II, tariff reductions have occurred in large part because of negotiations under the:
A. Industry and Trade Administration Act.
B. Employment Act.
C. Monetary Control Act.
D. General Agreement on Tariffs and Trade.
Answer: D
You might also like to view...
Which theory of economic growth concludes that in the long run real GDP per person will be at its subsistence level?
A) the classical theory B) the neoclassical theory C) the new growth theory D) all of the theories
A _____ is an integrated set of parts that function together for some end purpose or result
a. Controlling factor b. System c. Crisis d. Kibbutz
The process of adding more capital per worker is called capital deepening
a. True b. False Indicate whether the statement is true or false
Which of the following is FALSE with respect to regulation?
A) Regulated firms commonly try to avoid the effects of regulation whenever they can. B) Firms engage in creative responses which conform to the letter of the law but undermine its spirit. C) Regulation has resulted in state laws that have made creative response illegal in many states. D) Recent regulations have generated feedback effects that undermined the key aim of the rules.