Which Country Saw the Largest Increase in Its Textile and Clothing

question 35

Multiple Choice

Which country saw the largest increase in its textile and clothing exports to the United States after the Multifibre Arrangement was abolished?

• A) Japan
• B) India
• C) Mexico
• D) China

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Definitions:

Federal Reserve Act

The 1913 U.S. legislation that established the Federal Reserve System as the central banking authority, responsible for monetary policy and oversight of banks.

Established

Refers to something that has been in existence for a long time and is accepted by many or most people.

Board of Governors

A governing body at the top of an organization or institution, such as the Federal Reserve, responsible for overseeing its operations and making key decisions.

Fourteen-Year Term

A fixed period of fourteen years, often referenced in legal, contractual, or tenure contexts.