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5. How could a local content requirement be more helpful to trade than a quota? A. Because the percentage of domestic products can remain the same, and allow for increases in imports from other countries. B. Because the quota would have to be approved by both countries, and it would be too difficult to get the Senate to ratify it. C. Since the local content requirement only applies to food, it helps all other goods move faster. D. Since the local content requirement is set in each locality, each place can decide for itself how to stop all kinds of trade. 6. What happened when Thomas Jefferson signed the Embargo Act of 1807? A. Napoleon declared war on the United States because he was angry about the lack of trade. B. King George Ill declared war on the United States for cutting off the supply of cotton to make British uniforms. C. Britain and France realized they both needed American products and made peace with each other, so that trade could resume between all three countries. D. The United States suffered from a lack of imported goods to which people were accustomed. 7. True or False: Quotas may be part of a license agreement. A. True B. False 8. What is a quota? A. A tax on imported goods. O B. A safety and quality standard. C. Official permission to trade in a country D. Sets a maximum amount of a product for import