Which of the following statements is false?
A) GATT was a replacement for the failure of the U.S. to participate in the proposed ITO.
B) The ITO was a substitute for GATT.
C) GATT was a treaty and technically was not an organization.
D) Under GATT the explicit use of quotas to protect domestic industries was illegal in most cases.
E) The WTO replaced GATT.
Correct Answer:
Verified
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Q50: GATT was:
A) part of the International Monetary
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