The establishment of GATT resulted in
A) lower tariff rates
B) increased tariff rates
C) decreases in total world trade
D) increased protectionism
E) a rise in the price of imports
Correct Answer:
Verified
Q122: The international treaty established to negotiate lower
Q123: International trade between countries typically produces a
Q124: Regional trading bloc agreements
A)are not considered trade
Q125: The primary difference between an import tariff
Q126: Which of the following is not a
Q128: A major U.S.motive for negotiating a free-trade
Q129: A major U.S.motive for negotiating a free-trade
Q130: The General Agreement on Tariffs and Trade
Q131: According to some economists, the protection granted
Q132: Dumping is the practice of
A)selling a lower
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