European Countries Will Definitely Benefit by Having an FTA with the United

question 4

Multiple Choice

European countries will definitely 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 US 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:

Contracts For Necessaries

Legal agreements for the supply of essential goods or services, such as food, shelter, and clothing, especially pertinent to persons unable to enter into contracts, like minors.

Educational Loans

Financial aid provided to students to help cover the cost of education expenses, which must be repaid.

Voluntarily Sold

The act of willingly choosing to sell an asset or property without being forced by external circumstances.

Legal Action

The process of pursuing or defending a lawsuit in court to enforce or defend one's legal rights.