Question

A major goal of the Export Trading Company (ETC) Act was to:

1) allow U.S. companies to bypass tax laws with respect to international trading.
2) remove antitrust disincentives to export activities.
3) bypass trade barriers in foreign countries.
4) earn the highest possible profits in foreign countries.
5) combine export shipments within single containers.

Answer 1

The major goal of the Export Trading Company (ETC) Act was to remove antitrust disincentives to export activities.

Step-by-step explanation:

The major goal of the Export Trading Company (ETC) Act was to remove antitrust disincentives to export activities. The act aimed to promote and facilitate export activities by eliminating barriers and restrictions imposed by antitrust laws on companies working together to export their products. By allowing collaboration among exporters, the act intended to enhance the competitiveness and efficiency of U.S. companies in international trade.