Which of the following was designed to primarily deal with trade deficits, protectionism, and the overall fairness of the U.S. trading partners?
A) The Neutrality Pact of 1941
B) The Omnibus Trade and Competitiveness Act of 1988
C) The League of Nations Act of 1920
D) The Hawley-Smoot Tariff Act of 1930
E) The International Monetary Fund and Bank Act of 1945

Question

Quizplus · Accepted Answer

The Omnibus Trade and Competitiveness Act of 1988 is many faceted, focusing on assisting businesses to be more competitive in world markets as well as on correcting perceived injustice in trade practices. The trade act was designed to deal with trade deficits, protectionism, and the overall fairness of the U.S. trading partners.

Which of the Following Was Designed to Primarily Deal with Trade