If the United States Reduces Its Tariffs on the Import

question 18

Multiple Choice

If the United States reduces its tariffs on the import of natural gas

• A) the dollar's exchange value depreciates
• B) the dollar's exchange value appreciates
• C) natural gas becomes more expensive for Americans
• D) natural gas prices do not change for Americans

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Definitions:

Indemnity

A legal principle involving security or protection against financial liability or loss.

False Statements

Deliberately untrue assertions made by someone, which can sometimes be a legal offence if made in certain contexts.

Incontestability Clause

A provision in an insurance policy that makes the policy non-contestable after it has been in force for a certain period, usually two years, except under certain conditions.

Arbitration Clause

A provision in a contract that requires disputes to be resolved through arbitration rather than court litigation.