Asked by sharonda sheriff on May 14, 2024
Verified
Statement I: On balance,the U.S.in the last 60 years has been a free trading nation.
Statement II: Many Americans,especially labor union members and environmentalists,support "fair trade."
A) Statement I is true and statement II is false.
B) Both statements are true.
C) Statement II is true and statement I is false.
D) Both statements are false.
Fair Trade
A trading partnership, based on dialogue, transparency, and respect, that seeks greater equity in international trade. It contributes to sustainable development by offering better trading conditions to, and securing the rights of, marginalized producers and workers.
Free Trading Nation
A country that has implemented policies to minimize barriers to trade with other countries, such as tariffs and quotas.
- Examine the economic and political discussions pertinent to free trade and fair trade practices.
Verified Answer
SM
salaheldin MohammedMay 17, 2024
Final Answer :
B
Explanation :
The first statement is true as the US has been a free trading nation overall for the past 60 years. The second statement is also true as there are indeed groups in the US, such as labour union members and environmentalists, who advocate for "fair trade" policies that prioritize workers' rights and environmental protections in trade deals.
Learning Objectives
- Examine the economic and political discussions pertinent to free trade and fair trade practices.