Which of the Following Statements About Recent Developments in Trade

question 9

Multiple Choice

Which of the following statements about recent developments in trade and protectionism in the United States is true?

• A)Although Donald Trump made protectionism a big part of his campaign,he has not taken any concrete protectionist actions with respect to trade.
• B)New protectionist measures in the United States have largely eliminated its trade deficit.
• C)Most U.S.presidents have leaned toward protectionism over free trade since World War II.
• D)President Donald Trump withdrew the United States from NAFTA in 2017.
• E)The United States-Colombia Free Trade Agreement was passed with far more Republican than Democratic support in Congress.

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Definitions:

Residual Income

A financial metric that calculates the amount of income generated exceeding the minimum rate of return.

Goal Congruence

A condition in organizational management whereby the goals of the individuals align with the objectives of the organization, fostering a collaborative effort towards achieving those objectives.

Decentralised Organisation

An organizational structure in which decision-making authority is distributed among various levels and departments, promoting agility and faster decision-making.

Autonomous Managers

Autonomous managers are individuals who have the independence and authority to make decisions and manage operations without constant oversight from higher management levels.