Which of the Following Is Not an Advantage of a Multilateral

question 114

Multiple Choice

Which of the following is not an advantage of a multilateral approach to free trade over a unilateral approach?

• A)A multilateral approach can reduce trade restrictions abroad as well as at home.
• B)A multilateral approach has the potential to result in freer trade.
• C)A multilateral approach requires the agreement of two or more nations.
• D)A multilateral approach may have political advantages.

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Definitions:

Unemployment Compensation

A state system, created by the Federal Unemployment Tax Act (FUTA), that provides unemployment compensation to qualified employees who lose their jobs.

Unemployment Insurance Fund

A governmental fund designed to provide financial assistance to unemployed workers, funded by contributions from employers and the government.

Wagner Act

A foundational piece of labor legislation in the United States that established the rights of employees to organize, engage in collective bargaining, and take collective action, including strikes.

Taft-Hartley Act

Also known as the Labor Management Relations Act of 1947, it restricts the activities and power of labor unions in the United States.