Multiple Choice
Why is NAFTA a freetrade area requiring rules of origin rather
Than a customs union?
A) A freetrade agreement allows politically sensitive tariffs of each nation to remain unchanged.
B) A customs union also requires rules of origin.
C) The overall level of U.S.tariffs was much higher than the overall level of tariffs in Mexico and Canada.
D) The overall levels of tariffs in Canada, Mexico, and the United States are similar, making rules of origin irrelevant.
Correct Answer:
Verified
Correct Answer:
Verified
Q3: Suppose that there is a negative externality
Q6: Which of the following statements is(are) FALSE?<br>I.Trade
Q7: Which of the following groups favored the
Q9: The phenomenon known as the tragedy of
Q11: In a largecountry case, an optimal tariff
Q12: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB7261/.jpg" alt=" (Figure: U.S.Imports from
Q13: Implementing a regional freetrade agreement may have
Q32: Have the GATT-WTO rulings on environmental cases
Q50: A "prisoner's dilemma" can arise when:<br>A) two
Q74: With respect to environmental issues, the GATT:<br>A)