The GATT's most-favored nation clause means that tariff reductions granted by a member of GATT to imports from one country
A) apply only to that country
B) are only extended to certain favored members of GATT
C) are extended to all other members of GATT
D) must be matched by equivalent quota reductions
E) are extended to all other countries of the world
Correct Answer:
Verified
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Q135: The World Trade Organization (WTO)
A)members are required
Q136: The largest regional trading bloc is the
A)North
Q137: Dumping refers to selling a commodity abroad
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Q141: U.S.auto workers sometimes experience structural unemployment because
Q142: In the United States, dumping is
A)encouraged because
Q143: Which of the following is not true
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