In 1995, the United States considered levying a tariff on luxury cars imported from Japan. How did Japan react to this possibility?
A) It reduced its purchases of U.S. Treasury bills, causing U.S. interest rates to increase.
B) It considered levying a tariff on beef imported from the United States.
C) It submitted an unfair trade practice complaint to the World Trade Organization.
D) It moved production of its luxury automobiles to the United States.
Correct Answer:
Verified
Q1: One feature of the GATT and now
Q3: Import tariffs are _ on imports, and
Q4: Most favored nation status requires that a
Q5: What is the name of the MOST
Q6: An international conference in Geneva, Switzerland, in
Q7: Under the WTO provision of Article XIX,
Q8: Under the GATT framework, nations met periodically
Q9: Which of the following is an exception
Q10: According to the GATT, a tariff applied
Q11: GATT is the acronym (or abbreviation) for:
A)
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents