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Presidential Trade Policies

Description: Presidential Trade Policies Quiz
Number of Questions: 15
Created by:
Tags: politics legislative process presidential trade policies
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Which President signed the North American Free Trade Agreement (NAFTA) into law?

  1. Ronald Reagan

  2. George H.W. Bush

  3. Bill Clinton

  4. George W. Bush

Show answer
Correct Option: C
Explanation:

President Bill Clinton signed NAFTA into law in 1993.

What is the purpose of the Generalized System of Preferences (GSP)?

  1. To provide preferential tariff treatment to developing countries

  2. To promote free trade between developed countries

  3. To protect domestic industries from foreign competition

  4. To raise revenue for the government

Show answer
Correct Option: A
Explanation:

The GSP is a U.S. trade program that provides preferential tariff treatment to developing countries.

Which President implemented the Smoot-Hawley Tariff Act?

  1. Herbert Hoover

  2. Franklin D. Roosevelt

  3. Harry S. Truman

  4. Dwight D. Eisenhower

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Correct Option: A
Explanation:

President Herbert Hoover signed the Smoot-Hawley Tariff Act into law in 1930.

What is the purpose of the Trade Adjustment Assistance (TAA) program?

  1. To provide financial assistance to workers who have lost their jobs due to foreign competition

  2. To provide financial assistance to businesses that have lost revenue due to foreign competition

  3. To provide financial assistance to farmers who have lost crops due to foreign competition

  4. To provide financial assistance to consumers who have been harmed by foreign competition

Show answer
Correct Option: A
Explanation:

The TAA program provides financial assistance to workers who have lost their jobs due to foreign competition.

Which President signed the Trade Act of 1974?

  1. Richard Nixon

  2. Gerald Ford

  3. Jimmy Carter

  4. Ronald Reagan

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Correct Option: B
Explanation:

President Gerald Ford signed the Trade Act of 1974 into law.

What is the purpose of the Trade Promotion Authority (TPA)?

  1. To give the President authority to negotiate trade agreements without congressional approval

  2. To give the President authority to impose tariffs on imports

  3. To give the President authority to provide financial assistance to workers who have lost their jobs due to foreign competition

  4. To give the President authority to provide financial assistance to businesses that have lost revenue due to foreign competition

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Correct Option: A
Explanation:

The TPA gives the President authority to negotiate trade agreements without congressional approval.

Which President signed the Uruguay Round Agreements Act (URAA)?

  1. Bill Clinton

  2. George H.W. Bush

  3. Ronald Reagan

  4. Jimmy Carter

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Correct Option: A
Explanation:

President Bill Clinton signed the URAA into law in 1994.

What is the purpose of the World Trade Organization (WTO)?

  1. To promote free trade among its member countries

  2. To resolve trade disputes between its member countries

  3. To provide financial assistance to developing countries

  4. To promote economic development in developing countries

Show answer
Correct Option: A
Explanation:

The WTO is an intergovernmental organization that promotes free trade among its member countries.

Which President signed the African Growth and Opportunity Act (AGOA) into law?

  1. Bill Clinton

  2. George W. Bush

  3. Barack Obama

  4. Donald Trump

Show answer
Correct Option: A
Explanation:

President Bill Clinton signed AGOA into law in 2000.

What is the purpose of the Generalized System of Preferences (GSP)?

  1. To provide preferential tariff treatment to developing countries

  2. To promote free trade between developed countries

  3. To protect domestic industries from foreign competition

  4. To raise revenue for the government

Show answer
Correct Option: A
Explanation:

The GSP is a U.S. trade program that provides preferential tariff treatment to developing countries.

Which President signed the Trade Act of 2002?

  1. George W. Bush

  2. Bill Clinton

  3. Barack Obama

  4. Donald Trump

Show answer
Correct Option: A
Explanation:

President George W. Bush signed the Trade Act of 2002 into law.

What is the purpose of the Trade Adjustment Assistance (TAA) program?

  1. To provide financial assistance to workers who have lost their jobs due to foreign competition

  2. To provide financial assistance to businesses that have lost revenue due to foreign competition

  3. To provide financial assistance to farmers who have lost crops due to foreign competition

  4. To provide financial assistance to consumers who have been harmed by foreign competition

Show answer
Correct Option: A
Explanation:

The TAA program provides financial assistance to workers who have lost their jobs due to foreign competition.

Which President signed the Trade Promotion Authority (TPA) into law in 2015?

  1. Barack Obama

  2. George W. Bush

  3. Bill Clinton

  4. Donald Trump

Show answer
Correct Option: A
Explanation:

President Barack Obama signed the TPA into law in 2015.

What is the purpose of the Trans-Pacific Partnership (TPP)?

  1. To promote free trade among its member countries

  2. To resolve trade disputes between its member countries

  3. To provide financial assistance to developing countries

  4. To promote economic development in developing countries

Show answer
Correct Option: A
Explanation:

The TPP is a trade agreement that promotes free trade among its member countries.

Which President withdrew the United States from the TPP?

  1. Donald Trump

  2. Barack Obama

  3. George W. Bush

  4. Bill Clinton

Show answer
Correct Option: A
Explanation:

President Donald Trump withdrew the United States from the TPP in 2017.

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