Multiple Choice
Section 301 of the Trade Act of 1974 provides authority for the president to do what,if barriers to U.S.trade are not lifted?
A) Petition Congress to intervene in the situation.
B) Threaten military action if the barriers are not lifted.
C) Use retaliation in the form of duties or quotas.
D) Pay the U.S. company a subsidy.
Correct Answer:
Verified
Correct Answer:
Verified
Q11: The U.S.countervailing duty statute requires that the
Q17: Dumping is the unfair trade practice of
Q25: Dumping does not occur when there is
Q26: A subsidy is some advantage or favor
Q34: Subsidies are regulated under the GATT Agreement.
Q35: Quotas are not permitted under GATT or
Q36: The GATT escape clause allows member nations
Q41: If country A gives favorable tax treatment
Q44: "Scenario"<br>Tax credits extended by the Japanese government
Q45: A provisional measure is a tariff imposed