Asked by Yesenia Gomez on May 28, 2024
Verified
________ U.S. president(s) who has/have held office since GATT was signed has argued for free-trade policies, yet each one has used his powers to protect various sectors of the economy.
A) Only one
B) No
C) Every
D) Only 3
Free-Trade Policies
Government policies aimed at reducing or eliminating barriers to trade between countries, such as tariffs and quotas, to encourage international commerce.
GATT
The General Agreement on Tariffs and Trade, a legal agreement between many countries, aimed at promoting international trade by reducing or eliminating trade barriers such as tariffs or quotas.
- Recognize and elucidate the influence of governmental policies on commerce, incorporating subsidies, import limitations, and export incentives.
Verified Answer
ZK
Zybrea KnightJun 03, 2024
Final Answer :
C
Explanation :
Every U.S. president since the signing of the General Agreement on Tariffs and Trade (GATT) has advocated for free-trade policies while also using their powers to protect certain sectors of the economy. This reflects the complex balance between promoting global trade and safeguarding domestic industries.
Learning Objectives
- Recognize and elucidate the influence of governmental policies on commerce, incorporating subsidies, import limitations, and export incentives.
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