Question

How did President Trump react to the two multilateral trade agreements, the Trans Pacific Partnership and the Transatlantic Trade and Investment Partnership, that were being pursued by the Obama administration?

Multiple Choice

• He pulled the United States out of these negotiations.

• He attempted to expand these agreements to include other nations.

• He quickly signed the agreements after taking office.

• He asked that the United States control more than 50 percent of the involved nations.

• He agreed that even more multilateral trade agreements should be established.

The United States imports sugar from several nations. If the NAFTA agreement caused the United States to import sugar only from Canada, even though it cost more to do so, it would be an example of

Multiple Choice

• dumping.

• trade diversion.

• trade creation.

• retaliatory trade action.

• a political union.

The creation of a single market increases price competition for business. In other words, it creates a(n)

Multiple Choice

• opportunity.

• threat.

• strength.

• dynamism.

• weakness.

Answer 1

a) "A"

Trump administration pulled the US out of this negotiations and talks were suspended immediately.

b) "B"

This will be an example of trade diversions.

c) the creation of singe market creates dynamism. The answer is "D".