Suppose Canada Imposed More Stringent Quality Standards on Pharmaceutical Products

question 102

Multiple Choice

Suppose Canada imposed more stringent quality standards on pharmaceutical products being imported from Mexico than were imposed on firms producing the same products in Canada.This action would be

• A)an example of a countervailing duty.
• B)a breach of WTO trade guidelines.
• C)a violation of Canadian Competition Bureau rules.
• D)a violation of NAFTA's principle of national treatment.
• E)an example of an unfair subsidy to domestic firms.

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Definitions:

Labor Force Participation

The percentage of the population that is working or actively looking for work, excluding those not seeking employment.

Earnings Difference

The disparity in income earned between different individuals, occupations, or time periods.

Married Men

Adult males who are legally joined in marriage to a spouse.