Q1. What is the name of the federal agency responsible for enforcing trade laws in the United States?Department of CommerceOffice of the United States Trade RepresentativeBureau of Economic AnalysisInternational Trade Commission
Q2. Which government agency is responsible for investigating unfair trade practices and imposing tariffs?U.S. Department of CommerceInternational Trade CommissionBureau of Economic AnalysisFederal Trade Commission
Q3. What is the primary legislation governing U.S. trade laws?Smoot-Hawley Tariff ActTrade Act of 1974North American Free Trade AgreementTrade Promotion Authority
Q4. What is the primary goal of U.S. trade laws?To eliminate all trade barriersTo encourage global trade liberalizationTo protect domestic industriesTo promote fair competition
Q5. Which government agency handles investigations and enforces trade remedy laws?U.S. Department of CommerceInternational Trade CommissionOffice of the United States Trade RepresentativeU.S. Customs and Border Protection
Q6. What is an anti-dumping duty in trade law?A measure implemented to counteract the unfair pricing of goods by foreign companiesA tax levied on imported goods to offset the subsidies provided by foreign governmentsA tariff imposed on goods exported by countries with excessive trade surplusesA trade agreement that eliminates all tariffs and trade barriers between two countries
Q7. What is the purpose of a countervailing duty?To promote foreign investment in the United StatesTo encourage domestic industries to become more competitive in the international marketTo offset the negative impact of unfair trade practices on U.S. industriesTo enforce intellectual property rights in international trade
Q8. Which trade remedy measure is used to protect domestic industries from a sudden surge in imports?QuotasSubsidiesDumping dutiesTariffs
Q9. What is the role of the World Trade Organization (WTO) in U.S. trade law?To enforce U.S. trade laws and resolve trade disputesAll of the aboveTo provide a forum for member countries to discuss and negotiate trade issuesTo negotiate and implement trade agreements between countries
Q10. What is the main purpose of safeguard measures in U.S. trade law?To promote free trade by eliminating all trade barriersTo prevent unfair trade practices by foreign governmentsTo provide temporary relief to domestic industries facing serious injury due to increased importsTo regulate the export of strategic goods for national security reasons