The currency of the European Union, the euro, was established as part of the Bretton Woods agreements

The General Agreement on Tariffs and Trade focused on:

a. raising tariffs on agricultural products. b. lowering trade restrictions between countries. c. promoting full employment worldwide. d. increasing trade restrictions between countries.

Refer to Figure 7-3. What is the value of revenue to foreign producers who are granted permission to sell in the U.S. market when there is a quota?

A) $12 million B) $17.25 million C) $20 million D) $44 million