1. Safeguard protection (the escape clause) applies to permanent protection provided to home industries encountering competition from unfairly traded foreign goods.

a. True
b. False

2. Under the government procurement policy of the World Trade Organization, federal-state-local governments are prevented from discriminating in favor of the products of domestic suppliers on contracts valued at $1 million and more.

a. True
b. False

3. The fast-track provision of U.S. trade law has the effect of speeding up the timetable during which the president negotiates trade agreements with foreign governments.

a. True
b. False

4.

For the United States, countervailing duty cases consist of allegations of

a. dumping by foreign exporting companies.

b. foreign impediments to American exports.

c. monopoly pricing by foreign importing companies.

d. foreign export subsidies.

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The detailed answer for the above question is provided below ANSWER IS 1 True Explanation Safeguard ... View the full answer