European Countries Would Benefit by Having an FTA with the United

question 72

Multiple Choice

European countries would benefit by having an FTA with the United States.However,there are some sticky points,which need resolution.All of the following points need consideration except:

• A)that the EU restricts the import of most genetically modified crops,which are common in the United States.
• B)further reduction of tariffs,which now average between 2 and 3 percent.
• C)a variety of regulations that hamper cross-border investment and purchasing.
• D)the U.S.government would like easing of restrictions for purchasing European goods.
• E)the name "Parmesan" applied to the "cows-milk" cheese.

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Definitions:

Perfected

In law, refers to a state where a security interest or lien secures payment or performance of an obligation to its fullest legal extent.

Security Interest

A legal claim or lien on collateral that secures the performance of an obligation, usually repayment of a debt.

Collateral

An asset offered to secure a loan or other credit and subject to seizure upon default.

Security Interests

A lawful demand or security interest on assets that have been offered as a guarantee, typically to ensure the repayment of a borrowed sum.