GATT maintained a provision that nations could enact temporary
Emergency tariffs or quotas if imports threatened the existence of
Domestic producers.The WTO has not struck that provision.Economists
Call this:
A) the tariff bill.
B) the escape clause.
C) justifiable means.
D) domestic job security provision.
Correct Answer:
Verified
Q14: Under the GATT framework, nations negotiated for
Q15: The United States recently levied tariffs on
Q16: What is an "export subsidy"?
A) a payment
Q16: What organization emerged from the GATT, starting
Q18: WTO is the acronym for:
A) the World
Q19: One feature of the GATT and now
Q20: Most favored nation status requires:
A)a WTO member
Q21: Figure: Consumer Surplus Q22: We can measure producer and consumer surplus Q23: If we assume perfect competition in the![]()
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