Regional trading bloc agreements
A) are not considered trade restrictions
B) are required by World Trade Organization rules
C) exist primarily in Russia, Africa, and South America
D) require all nations in a specified region to trade only with other countries in the same geographic area
E) make special trade deals between countries in that region and discriminate against countries outside the region
Correct Answer:
Verified
Q119: An import quota is a
A)legal limit on
Q120: Exhibit 19-6 Q121: The World Trade Organization (WTO) Q122: The international treaty established to negotiate lower Q123: International trade between countries typically produces a Q125: The primary difference between an import tariff Q126: Which of the following is not a Q127: The establishment of GATT resulted in Q128: A major U.S.motive for negotiating a free-trade Q129: A major U.S.motive for negotiating a free-trade
A)became, in 1995,
A)lower tariff
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