Q1.

Suppose the price of a chair falls to $16 in 1932. The ad valorem equivalent of the tariff is now __% (Note: round answer to one decimal place.)In the United States, the North American Free Trade Agreement was negotiated under a president and ratified by a president. O Democratic; Republican O Republican; Democratic O Democratic; Democratic O Republican; RepublicanWhich of the following was not a part of NAFTA? O Elimination of tariffs on trade between the member countries 0 More liberal rules regarding international investment in the countries 0 Free movement of labor between the countries 0 Establishment of a special commission to settle disputes between members According the Peterson Institute for International Economics, __________ in the USMCA Rules of Origin for auto production could result in result in _________ North American content, which is the exact opposite of the US. goal. 0 decreasing the content requirements; more 0 increasing the content requirements; less 0 decreasing the tariff rate; more 0 increasing the tariff rate; less Identify all of the aspects of a regional trade agreement that are considered to be building blocks toward freer global trade. (You can select more than one answer) |: Customs procedures are updated and claried as part of the agreement I: Trade negotiators for each of the member countries devote time and effort to nalizing the agreement. I: Rules of origin are established for the regional trade agreement. |: The regional agreement successfully demonstrates the link between trade and economic growth. |: Member countries implement international standards for many products as part of the agreement