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.

Question

Quizplus · Accepted Answer

The provision mentioned in the question is commonly known as the "escape clause", which allows nations to impose temporary tariffs or quotas to protect domestic industries from import surges or other forms of unfair competition. The other choices are not accurate descriptions of this provision.

GATT Maintained a Provision That Nations Could Enact Temporary