The Most Favored Nation (MFN) principle essentially says that:
A) countries should use their trade policies to discriminate in favor of some countries.
B) countries should not discriminate against other countries when they apply their trade policies.
C) countries should open their markets more for poorer countries.
D) regional free trade areas are preferable to multilateral free trade.
Correct Answer:
Verified
Q40: The World Trade Organization was:
A) established in
Q41: The round of trade talks initiated in
Q42: Developing countries often complain that developed countries:
A)
Q43: Tariff escalation:
A) is often alleged but there
Q44: The Most Favored Nation (MFN) principle says
Q46: When it comes to the Most Favored
Q47: In the GATT:
A) there are several separate
Q48: In the case of a common market,
Q49: The member countries of a customs union
Q50: Which of the following is not a
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