1.The 1934 Reciprocal Trade Agreements Act

a.enabled the U.S. Congress to lower tariffs by up to 50 percent.

b. Was enacted to reverse the damage caused by the Smoot-Hawley tariff.

c. enabled the United States to lower tariffs on a statutory basis.

d. resulted in multilateral trade negotiations.

2. Which of the following is not a part of the WTOs stance on trade?

a. Any trade barrier that reduces greenhouse-gas emissions is permissible.

b. Freer import policy for the cleanest foreign country must be matched by freedom of imports for polluter countries.

c. Any tax on imports must not exceed that on import-competing products.

d. Tariffs that are implemented to conserve natural resources must not be used merely to shut out foreign goods.

Not the answer

1. a

2. b