WORLD HISTORY

HISTORY

WORLD WAR II

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
Which event best illustrates the use of U.S. foreign policy to protect economic interests after World War II?
A
participating in the General Agreement on Tariffs and Trade
B
organizing the creation of the North Atlantic Treaty Organization
C
approving the charter for he establishment of the United Nations
D
intervening to aid South Vietnam during the Vietnam War
Explanation: 

Detailed explanation-1: -Working through the WTO, the United States is able to protect and advance the economic interests of American businesses and workers while opening foreign markets. These actions protect and create jobs and support economic growth here at home.

Detailed explanation-2: -In brief, the World Trade Organization (WTO) is the only international organization dealing with the global rules of trade. Its main function is to ensure that trade flows as smoothly, predictably and freely as possible.

Detailed explanation-3: -Foreign exchange earning: Foreign trade provides foreign exchange which can be used to remove poverty and other productive purposes. Market expansion: The demand factor plays a very important role in increasing the production of any country. The foreign trade expands the market and encourages producers.

Detailed explanation-4: -The goal of trade agreements between countries is to lower the trade barriers for imported goods and services. Also, they should protect the consumers from the increase in prices, give them more access to a better quality of products, and the chance to pay them at lower prices.

There is 1 question to complete.