The African Growth and Opportunity Act (AGOA) allows countries in ...

[deesands]

The African Growth and Opportunity Act (AGOA) allows countries in sub-Saharan Africa to use third-country fabrics and export them duty-free to the United States.
 
 Indicate whether the statement is true or false

Question 2

Countertrade practices encourage economic inefficiency.
 
 Indicate whether the statement is true or false

[amanda_14]

Answer to Question 1

T
The African Growth and Opportunity Act (AGOA) allows countries in sub-Saharan Africa to use third-country fabrics and export them duty-free to the United States.

Answer to Question 2

T
Countertrade practices encourage economic inefficiency since the firms benefiting from the countertrade arrangement do not face the same competitive pressure as firms in other countries.