Prior to NAFTA,the United States Implemented a Number of Tariffs

question 24

True/False

Prior to NAFTA,the United States implemented a number of tariffs to protect the auto industry and farmers against foreign competition.A tariff is an example of trade protectionism.

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Definitions:

Undue Burden

A legal standard used to determine whether a law or its enforcement is excessively burdensome or restrictive on an individual or group.

Parent Corporation

A corporation that owns a controlling interest of another corporation, called a subsidiary corporation.

Subsidiary

A subsidiary is a company that is completely or partially owned and wholly controlled by another company, known as the parent company.

Commingled Assets

The mixing of assets or funds belonging to different owners, making it difficult to distinguish one's property from another's.