There Are Seven Main Instruments Used in Trade Policy with ________

question 69

Multiple Choice

There are seven main instruments used in trade policy with ________ being the oldest and the simplest.

• A) local content requirements
• B) tariffs
• C) subsidies
• D) voluntary export restraints
• E) import quotas

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Definitions:

Anti-federalists

Opponents of the ratification of the U.S. Constitution, fearing that a strong central government would endanger individual liberties and states' rights.

State Constitutions

The fundamental governing documents of each U.S. state, outlining the structure and function of the state government.

Executive Powers

The authority given to the executive branch of government to implement and enforce laws and policies.