When Congress gives the executive branch trade-promotion authority, it means: 1. the executive power is authorized to lower tariffs on imports if it wishes to 2. the executive power can negotiate free trade agreements and Congress will approve or disapprove the entire treaty, but not each section separately 3. that the U.S. can legally support its exporters through tax incentives 4. U.S. embassies and consulates can help U.S. exporters find customers 5. the Commerce Department is given a special budget to help exporters
Trade promotion authority is a legislation enacted by the US
Congress in 1974.
According to this legislation, President or the executive branch of the government can negotiate free trade agreements involving US and Congress has the power to approve or disapprove the agreement but without any amendments.
Hence, the correct answer is the option (2).
When Congress gives the executive branch trade-promotion authority, it means: 1. the executive power is authorized...
When Congress gives the executive branch trade-promotion authority, it means: 1. U.S. embassies and consulates can help U.S. exporters find customers 2. that the U.S. can legally support its exporters through tax incentives 3. the executive power is authorized to lower tariffs on imports if it wishes to 4. the executive power can negotiate free trade agreements and Congress will approve or disapprove the entire treaty, but not each section separately 5. the Commerce Department is given a special budget...
Question 50 (1 point) A(n) _____ in oil prices and a(n) _____ in taxes will shift short-run aggregate supply to the left. Question 50 options: a) decrease; increase b) decrease; decrease c) increase; decrease d) increase; increase Question 51 (1 point) Which of the following events will shift the aggregate demand curve to the right? Question 51 options: a) an increase in household debt b) a catastrophic hurricane hitting the northeastern United States c) a decrease in taxes d) a...