The establishment of GATT resulted in _____
A) lower tariff rates.
B) an increase in the net welfare loss of economies.
C) a decrease in total world trade.
D) increased protectionism.
E) a rise in the price of imports.
Correct Answer:
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Q87: A World Trade Organization (WTO)member country must
Q128: When GATT began in 1947, average tariffs
Q129: The World Trade Organization (WTO) _
A) members
Q130: The General Agreement on Tariffs and Trade
Q131: Originally, GATT members had agreed to three
Q132: As a result of the Uruguay Round,
Q134: Which of the following statements is true
Q135: The Uruguay Round created _
A) the International
Q136: The largest regional trading bloc is the
A)North
Q137: Which of the following is a difference
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