Which of the Following Statements Is Untrue Regarding Emergency Safeguard

question 30

Multiple Choice

Which of the following statements is untrue regarding emergency safeguard actions under NAFTA?

• A) Special safeguards for textiles may be applied where increased imports cause "serious damage" to the domestic industry.
• B) Safeguards are available for ten years for certain agricultural products.
• C) The country using them must offer the exporting country trade compensation.
• D) Safeguards can take the form of both tariffs and quotas.
• E) All of the above.

---

Definitions:

Operating Activities

Transactions and events related to the principal revenue-producing activities of an entity, influencing the net cash flow from operating activities.

Financing Activities

Transactions and events involving the flow of cash between a company and its owners, investors, or creditors.

Indirect Method

A reporting approach used in statement of cash flows to adjust net income for non-cash transactions and changes in working capital to arrive at cash provided by or used in operating activities.

Operating Activities

Activities related to the core business operations of a company, including production, sales, and delivery of the company's products and services.