What is the purpose of theTrade Adjustment Act of 2002?

Multiple Choice

A) It was designed to give U.S. workers who are older than 50 some training, temporary income and/or health care benefits if they lost their former jobs due to international competition.

B)It is a corporate tax break for import-export firms.

C)It is designed to collect taxes from international trade.

D) It was an embargo law was passed by the WTO.

2) What system did most of the world use during before the 1980s?

Multiple Choice

A) Most nations used the system known asfascism. Basically strong dictators ruled harshly over their people and the governments told the society what to do with respect to the economy. The people had no freedom to pursue their dreams of entreprenuership and there was almost no individual property rights, which prevented many people from effectively building their personal wealth.

B) Most nations used the economic system known asmercantilism.

C)Most of the world especially from the 1920's to the late 1970's used either outrightcommunismor it's close economic cousin heavy-handedsocialism. That is why there was so much desperate poverty, hunger, and a low-level standard of living in much of the world.

D) Most of the nations during the 20th century were already using the capitalist free market economic system.