The Idea of the U

question 276

Multiple Choice

The idea of the U.S.-Canadian Free-Trade Agreement that removed all barriers to trade including tariffs and quotas between the United States and Canada by 1998 was to

• A) increase the price of Canadian goods sold in the United States.
• B) increase the price of U.S. goods sold in Canada.
• C) increase the amount that the United States exports to Canada and the amount that the United States imports from Canada.
• D) increase the amount that the United States exports to Canada and decrease the amount that the United States imports from Canada.

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Definitions:

National Borders

The defined lines that distinguish the geographic boundaries of sovereign nations.

Force Majeure Clause

A contractual provision that relieves the parties from fulfilling their obligations when certain circumstances beyond their control occur, making performance inadvisable, commercially impracticable, illegal, or impossible.

Unforeseeable Occurrence

An event that cannot be predicted and is beyond the control of the parties involved, oftentimes relieving them from contractual obligations due to impossibility.

Regional Legislatures

Government bodies responsible for making laws within specific geographical areas smaller than the national level, such as states or provinces.