Author Question: Which of the following is true about free trade agreements that the United States has with other ... (Read 37 times)

waynest · **on:** Sep 11, 2018

Which of the following is true about free trade agreements that the United States has with other countries?

a. Free trade agreements are established to promote exports of U.S. products and to discourage imports of foreign goods.
b. Typically, through free trade agreements, U.S. consumers and industries of textile and apparel products receive the least benefits.
c. To protect the domestic industry, most free trade agreements have special mechanisms to deal with foreign suppliers' dumping activities.
d. As long as the goods are assembled in the member countries of a free trade agreement, those goods are subject to duty free.

Question 2

If 5 is assessed as a tax for every unit of the product being imported regardless of the value of the product, the 5 is called.

a. Ad valorem tariff
b. General tariff
c. Specific tariff
d. Combination tariff