The escape clause in U.S. trade law:
a. enables the United States to withdraw from NAFTA.
b. permits the U.S. government to impose trade barriers if fairly traded imports are the cause of significant injury to a U.S. industry and its workers.
c. permits the government to impose trade remedies against nations that unfairly subsidize their exports to the United States.
d. enables immigrants to return to their home countries.
Ans: c. permits the government to impose trade remedies against nations that unfairly subsidize their exports to the United States.
You might also like to view...
The figure above shows a perfectly competitive firm. The firm is operating; that is, it has not shut down. The firm produces
A) 20 units of output and makes zero economic profit. B) 20 units of output and incurs an economic loss. C) 10 units of output and makes zero economic profit. D) 10 units of output and incurs an economic loss.
A firm deciding to hire a secretary, bases its decision on how well the candidate is trained on certain software. This practice addresses:
a. Adverse selection b. Moral hazard c. Forced bankruptcy d. None of the above