The GATT negotiations for trade liberalization during the 1950s:
A) accomplished a substantial reversal in the high tariffs dating from the 1930s trade war.
B) accomplished little in the way of tariff reductions.
C) accomplished much more than subsequent negotiating rounds in the 1960s, 1970s, and 1980s.
D) helped to bring about the multi-nation multi-fiber agreement.
Correct Answer:
Verified
Q19: The Smoot-Hawley Tariff of 1930:
A) was the
Q20: In 1930 the United States:
A) abolished all
Q21: The Reciprocal Trade Agreements Act was passed
Q22: The 1934 Reciprocal Trade Agreements Act passed
Q23: When the U.S. Congress votes to give
Q25: One of the reasons why the GATT
Q26: The International Trade Organization (ITO) agreed to
Q27: The fundamental principles of the GATT specify
Q28: The General Agreement on Trade and Tariffs
Q29: The U.S. Congress introduced several measures dealing
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