Which of the Following Trade Agreements Was Passed by the U.S

question 29

Multiple Choice

Which of the following trade agreements was passed by the U.S. House of Representatives to eliminate tariffs on products between the United States and all countries in Central America?

• A) General Agreement on Tariffs and Trade (GATT)
• B) North American Free Trade Agreement (NAFTA)
• C) Central American Free Trade Agreement (CAFTA)
• D) Free Trade Area of the Americas (FTAA)

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Definitions:

Zero Slope

A line with zero slope remains constant and horizontal, indicating no change in the dependent variable, regardless of changes in the independent variable.

Curve

In economics, it usually refers to a graphical representation of the relationship between two factors, such as supply and demand, price and quantity, etc.

Line

A straight geometrical figure that extends infinitely in both directions without thickness.

Slope

In mathematics, it is the measure of the steepness or incline of a line, defined as the ratio of the vertical change to the horizontal change between two points on the line.