The fundamental principles of the GATT specify that, among other things:
A) countries commit to keeping their tariffs below explicit limits.
B) if trade is to be restricted, countries should use quotas rather than tariffs or other less visible trade barriers.
C) signatories of the agreement agree to give all nations, whether signatories to the GATT or not, most favored nation (MFN) treatment.
D) countries may discriminate in favor of neighboring countries.
Correct Answer:
Verified
Q22: The 1934 Reciprocal Trade Agreements Act passed
Q23: When the U.S. Congress votes to give
Q24: The GATT negotiations for trade liberalization during
Q25: One of the reasons why the GATT
Q26: The International Trade Organization (ITO) agreed to
Q28: The General Agreement on Trade and Tariffs
Q29: The U.S. Congress introduced several measures dealing
Q30: If no industry is allowed to be
Q31: Trade liberalization without "injury" to any industry:
A)
Q32: The Long-Term Arrangement on Cotton Textiles (LTA)
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