Author Question: Preferential agreements A) are the same as free trade agreements. B) provide market access ... (Read 101 times)

Collmarie · **on:** Jun 30, 2018

Preferential agreements

A) are the same as free trade agreements.
B) provide market access without demanding reciprocation.
C) are not recognized under WTO rules.
D) must be approved by the IMF.

Question 2

Which of the following is an example escape clause relief?

A) A tariff is granted because foreign firms are selling below cost.
B) A temporary tariff is granted to allow for adjustment of the domestic industry.
C) A tariff is granted to an industry because foreign firms are subsidized by their governments.
D) A tariff is granted to an industry because another nation persistently uses unfair trade practices.