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Trade Policy and Economic Relations MCQs USA

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1. Which U.S. President is associated with the signing of the North American Free Trade Agreement (NAFTA)?





2. The General Agreement on Tariffs and Trade (GATT) was replaced by which international organization?





3. Which U.S. trade policy is aimed at reducing trade barriers and promoting free trade?





4. The Smoot-Hawley Tariff Act of 1930 is known for:





5. Which trade agreement aims to create a free trade area between the United States, Canada, and Mexico?





6. Which U.S. President negotiated the Trans-Pacific Partnership (TPP)?





7. The U.S. trade deficit occurs when:





8. The “Buy American” provisions in U.S. trade policy are aimed at:





9. Which U.S. trade policy emphasizes imposing tariffs and quotas to protect domestic industries?





10. Which international agreement addresses the issue of intellectual property rights in trade?





11. Which U.S. trade agreement was renegotiated and replaced by the United States-Mexico-Canada Agreement (USMCA)?





12. The concept of “most-favored-nation” (MFN) treatment in trade agreements means:





13. Which U.S. law regulates foreign investments in the United States for national security reasons?





14. The U.S. Trade Representative (USTR) is responsible for:





15. The Trade Adjustment Assistance (TAA) program provides:





16. Which U.S. trade agreement focuses on improving economic relations with countries in the Asia-Pacific region?





17. The United States’ involvement in the World Trade Organization (WTO) includes:





18. Which U.S. law allows for the imposition of tariffs on imports to protect domestic industries from unfair competition?





19. The principle of “reciprocity” in trade agreements refers to:





20. Which trade agreement focuses on enhancing trade relations between the United States and countries in Central America?





21. The U.S. policy of “unilateral sanctions” involves:





22. Which U.S. law established the principle of most-favored-nation (MFN) status for trading partners?





23. The U.S. economic policy known as “dollar diplomacy” aimed to:





24. The “Special 301” provisions in U.S. trade law are designed to address:





25. Which trade agreement involves the United States, Canada, and Mexico, focusing on labor, environmental, and trade issues?





26. Which U.S. trade policy aims to protect domestic industries from foreign competition by imposing tariffs and quotas?





27. The U.S. Trade and Development Agency (USTDA) focuses on:





28. The “Section 301” provisions in U.S. trade law are used to:





29. Which U.S. law regulates the export of sensitive technologies and dual-use items for national security reasons?





30. The concept of “economic sanctions” in U.S. foreign policy involves:





31. Which U.S. law established the Trade Representative’s authority to negotiate trade agreements?





32. The “Trade Promotion Authority” (TPA) allows the U.S. President to:





33. The concept of “globalization” in trade refers to:





34. The U.S. policy of “free trade” is primarily aimed at:





35. The “Trade Adjustment Assistance” program is designed to help:





36. Which international organization oversees global trade agreements and dispute resolution?





37. The U.S. government can impose tariffs on imports based on which principle?





38. The North American Free Trade Agreement (NAFTA) was implemented in which year?





39. Which U.S. trade policy seeks to create a level playing field for domestic and foreign producers?





40. The U.S. Foreign Corrupt Practices Act (FCPA) addresses issues related to:





41. The “Buy America” provisions primarily apply to:





42. Which U.S. law requires trade negotiations to consider labor and environmental standards?





43. The U.S. trade deficit can be reduced by:





44. The principle of “national treatment” in trade agreements refers to:





45. The World Trade Organization (WTO) was established in which year?





46. The U.S. trade relationship with China has been characterized by:





47. Which of the following is a primary goal of U.S. trade policy?





48. The Trade Policy Review Mechanism (TPRM) is a process used by the WTO to:





49. The U.S. trade policy of “dumping” refers to:





50. The concept of “trade diversion” occurs when:





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