Solved

When Using the Most Favored Nation Principle in International Trade

Question 54

Multiple Choice

When using the most favored nation principle in international trade, this means that:


A) we prefer a foreign country's production to domestic production.
B) the lowest MFN negotiated tariff rate would apply to all WTO members countries.
C) the lowest negotiated tariff rate would apply to some countries.
D) the countries have come close to a free trade agreement.
E) we apply MFN only to friendly countries.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Unlock this Answer For Free Now!

View this answer and more for free by performing one of the following actions

qr-code

Scan the QR code to install the App and get 2 free unlocks

upload documents

Unlock quizzes for free by uploading documents