Question for Practice Test: Reading Comprehension - 63 Question _index_: It can be inferred from the passage that the minimal basis for a complaint to the International Trade Commission is which of the following? A. A foreign competitor has received a subsidy from a foreign government. B. A foreign competitor has substantially increased the volume of products shipped to the United States. C. A foreign competitor is selling products in the United States at less than fair market value. D. The company requesting import relief has been injured by the sale of imports in the United States. E. The company requesting import relief has been barred from exporting products to the country of its foreign competitor. View Solution

A foreign competitor has received a subsidy from a foreign government.

A foreign competitor has substantially increased the volume of products shipped to the United States.

A foreign competitor is selling products in the United States at less than fair market value.

The company requesting import relief has been injured by the sale of imports in the United States.

The company requesting import relief has been barred from exporting products to the country of its foreign competitor.

Question for Practice Test: Reading Comprehension - 63 Question _index_: The passage warns of which of the following dangers? A. Companies in the United States may receive no protection from imports unless they actively seek protection from import competition. B. Companies that seek legal protection from import competition may incur legal costs that far exceed any possible gain. C. Companies that are United States-owned but operate internationally may not be eligible for protection from import competition under the laws of the countries in which their plants operate. D. Companies that are not United States-owned may seek legal protection from import competition under United States import relief laws. E. Companies in the United States that import raw materials may have to pay duties on those materials. View Solution

Companies in the United States may receive no protection from imports unless they actively seek protection from import competition.

Companies that seek legal protection from import competition may incur legal costs that far exceed any possible gain.

Companies that are United States-owned but operate internationally may not be eligible for protection from import competition under the laws of the countries in which their plants operate.

Companies that are not United States-owned may seek legal protection from import competition under United States import relief laws.

Companies in the United States that import raw materials may have to pay duties on those materials.

Question for Practice Test: Reading Comprehension - 63 Question _index_: It can be inferred from the passage that the author believes which of the following about the complaint mentioned in the last paragraph? A. The ITC acted unfairly toward the complainant in its investigation. B. The complaint violated the intent of import relief laws. C. The response of the ITC to the complaint provided suitable relief from unfair trade practices to the complainant. D. The ITC did not have access to appropriate information concerning the case. E. Each of the companies involved in the complaint acted in its own best interest. View Solution

The ITC acted unfairly toward the complainant in its investigation.

The complaint violated the intent of import relief laws.

The response of the ITC to the complaint provided suitable relief from unfair trade practices to the complainant.

The ITC did not have access to appropriate information concerning the case.

Each of the companies involved in the complaint acted in its own best interest.

Question for Practice Test: Reading Comprehension - 63 Question _index_: According to the passage, the International Trade Commission is involved in which of the following? A. Investigating allegations of unfair import competition B. Granting subsidies to companies in the United States that have been injured by import competition C. Recommending legislation to ensure fair D. Identifying international corporations that wish to build plants in the United States E. Assisting corporations in the United States that wish to compete globally View Solution

Investigating allegations of unfair import competition

Granting subsidies to companies in the United States that have been injured by import competition

Recommending legislation to ensure fair

Identifying international corporations that wish to build plants in the United States

Assisting corporations in the United States that wish to compete globally

Question for Practice Test: Reading Comprehension - 63 Question _index_: The passage is chiefly concerned with A. arguing against the increased internationalization of United States corporations B. warning that the application of laws affecting trade frequently has unintended consequences C. demonstrating that foreign-based firms receive more subsidies from their governments than United States firms receive from the United States government D. advocating the use of trade restrictions for “dumped” products but not for other imports E. recommending a uniform method for handling claims of unfair trade practices View Solution

arguing against the increased internationalization of United States corporations

warning that the application of laws affecting trade frequently has unintended consequences

demonstrating that foreign-based firms receive more subsidies from their governments than United States firms receive from the United States government

advocating the use of trade restrictions for “dumped” products but not for other imports

recommending a uniform method for handling claims of unfair trade practices

Question for Practice Test: Reading Comprehension - 63 Question _index_: The last paragraph performs which of the following functions in the passage? A. It summarizes the discussion thus far and suggests additional areas of research. B. It presents a recommendation based on the evidence presented earlier. C. It discusses an exceptional case in which the results expected by the author of the passage were not obtained. D. It introduces an additional area of concern not mentioned earlier. E. It cites a specific case that illustrates a problem presented more generally in the previous paragraph. View Solution

It summarizes the discussion thus far and suggests additional areas of research.

It presents a recommendation based on the evidence presented earlier.

It discusses an exceptional case in which the results expected by the author of the passage were not obtained.

It introduces an additional area of concern not mentioned earlier.

It cites a specific case that illustrates a problem presented more generally in the previous paragraph.

Question for Practice Test: Reading Comprehension - 63 Question _index_: The passage suggests that which of the following is most likely to be true of United States trade laws? A. They will eliminate the practice of “dumping” products in the United States. B. They will enable manufacturers in the United States to compete more profitably outside the United States. C. They will affect United States trade with Canada more negatively than trade with other nations. D. Those that help one unit within a parent company will not necessarily help other units in the company. E. Those that are applied to international companies will accomplish their intended result. View Solution

They will eliminate the practice of “dumping” products in the United States.

They will enable manufacturers in the United States to compete more profitably outside the United States.

They will affect United States trade with Canada more negatively than trade with other nations.

Those that help one unit within a parent company will not necessarily help other units in the company.

Those that are applied to international companies will accomplish their intended result.

Question for Practice Test: Reading Comprehension - 63 Question _index_: According to the passage, companies have the general impression that International Trade Commission import relief practices have A. caused unpredictable fluctuations in volumes of imports and exports B. achieved their desired effect only under unusual circumstances C. actually helped companies that have requested import relief D. been opposed by the business community E. had less impact on international companies than the business community expected View Solution

caused unpredictable fluctuations in volumes of imports and exports

achieved their desired effect only under unusual circumstances

actually helped companies that have requested import relief

been opposed by the business community

had less impact on international companies than the business community expected

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