US Trade Policy Quick Check
Evaluate the following statements to determine which provides the best reason for the replacement of NAFTA with USMCA.
USMCA provides more protections for workers.
USMCA loosens environmental regulations.
USMCA imposes tariffs on more goods.
USMCA includes five more countries.
The statement "USMCA provides more protections for workers" provides the best reason for the replacement of NAFTA with USMCA. This is because one of the main objectives of USMCA was to strengthen labor protections and enforceable labor standards in order to level the playing field for workers in all three countries involved - United States, Mexico, and Canada. This was a significant improvement over NAFTA, which was criticized for not including strong enough provisions to protect workers' rights.
US Trade Policy Quick Check
2.) Which statement best explains the role trade plays in U.S. foreign policy?
Trade fosters diplomatic relationships with global partners.
Trade exposes intellectual property rights of the U.S. government.
Trade facilitates the growth of monopolies with global partners.
Trade impedes economic prosperity for the U.S.
3.) As a trading partner, what does the U.S. offer in return to Saudi Arabia?
oil
alcohol
electric vehicles
military defense support
4.) Which statement best represents an example of economic sanctions on a nation?
travel bans and the freezing of assets
election monitoring
increased military and humanitarian aid
increased lending by the International Monetary Fund (IMF)
2.) The statement "Trade fosters diplomatic relationships with global partners" best explains the role trade plays in U.S. foreign policy. Trade can be used as a tool to strengthen diplomatic ties and build relationships with other countries, leading to greater cooperation and mutual benefits.
3.) As a trading partner, the U.S. offers military defense support to Saudi Arabia. The U.S. has long-standing defense agreements with Saudi Arabia and provides military equipment and support to the country.
4.) The statement "travel bans and the freezing of assets" represents an example of economic sanctions on a nation. Economic sanctions are measures taken by one country or group of countries to restrict trade or financial activities in order to exert pressure on another country to change its behavior. Travel bans and freezing of assets are common forms of economic sanctions.
US Trade Policy Quick Check
Which branch of government is responsible for authorizing an embargo against a targeted nation?
judicial
state government
executive branch
legislative branch