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Passage 2 An insistence that Europe Japan create a “level playing field” for trade by agreeing to give U.S. exporters the same access to their markets as foreign companies receive in the United States. This push to expU. S. manufacturing exports is considered essential politically to fulfill President Bill Clinton's campaign promise of more “high-wage, high skill” jobs for Americans. A willingness to impose sanctions on major trading partners to reduce trade barriers abroad, with less patience for drawn-out negotiations. Administration officials see little risk that this more aggressive policy could escalate into a full-fledged trade war that would shock the world's fragile economies. Thus, the administration will not be deterred by complaints that it has moved to “protectionism”. 39.What is the meaning of a “level playing field” for trade? 40.In what way could this push help “fulfill President Bill Clinton's campaign promise”? 41.Why would the administration not be deferred from exercising the more aggressive policy?
The single market is central to the community’s progress,but it is by no means certain that it could stalone.
Deflationary impact can have the following results except ___. A.tightening the money supply B.loosening the money supply C.restricting borrowing D.resulting in hiked interest rates
These trends were compounded by worsening economic conditions m the Soviet Union its successor states.
vested interests
export quota
Because the asian economies that buy Japanese machinery continued to boom,exports of them withstood the down quite well.
preferential tax rate
One of the central justifications for the single market was its ability to create greater prosperity.
Aggregate output for developing country advancedby slightly less than 2 percent during 1991.
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