Statement I: GATT regulates world trade.
Statement II: The basis for international trade is that a nation stands to gain more if it can sell more to other nations than it buys from them.
A)Statement I is true and statement II is false.
B)Statement II is true and statement I is false.
C)Both statements are true.
D)Both statements are false.

Question

Quizplus · Accepted Answer

The Answer of Statement I: GATT regulates world trade.
Statement II: The basis for international trade is that a nation stands to gain more if it can sell more to other nations than it buys from them.
A)Statement I is true and statement II is false.
B)Statement II is true and statement I is false.
C)Both statements are true.
D)Both statements are false.

Statement I: GATT Regulates World Trade