Some nations avoid the effects of trade deflection in a trade bloc by enforcing

If the national debt rises to the debt ceiling and there is currently a budget ________, the Congress and the President must agree to ________ the debt ceiling or else the federal government will have insufficient funds to pay its bills and will be forced to shut down

a. surplus, lower b. deficit, raise c. surplus, lower d. none of the above

Nontariff barriers include which of the following?

A) Export subsidies, specific tariffs and restrictions at national borders B) Export subsidies, ad valorem tariffs and price supports C) Price supports, favorable credit terms for exporters, specific tariffs and ad valorem tariffs D) Price supports, import quotas and favorable government credit terms