Question 1
The international agreement signed by the United States and 22 other countries in 1947 to promote the liberalization of foreign trade is known by its initials as
◦ GATT.
◦ START.
◦ SALT.
◦ IMF.
Question 2
Every president who has held office since the General Agreement on Tariffs and Trade was signed has
◦ argued for free-trade policies, but only Eisenhower and Reagan successfully resisted all calls for protection from various sectors of the economy.
◦ argued that certain domestic industries deserve protection, yet each one has been reluctant to use his powers to protect individual sectors of the economy.
◦ argued for free-trade policies, yet each one has used his powers to protect various sectors of the economy.
◦ argued for free-trade policies, but only Kennedy and Carter successfully resisted all calls for protection from various sectors of the economy.
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