The General Agreement on Tariffs and Trade (GATT) was established in _____
A) 1870 to protect U.S. industries and decrease world trade.
B) 1921 to manage legal and accounting requirements for U.S. tariffs and quotas.
C) 1947 to reduce trade restrictions.
D) 1973 to increase trade restrictions, after OPEC significantly raised oil prices.
E) 1990 to develop a free trade zone across 50 states.
Correct Answer:
Verified
Q124: Regional trading bloc agreements
A)are not considered trade
Q125: The Kennedy Round of GATT in the
Q127: The World Trade Organization (WTO) _
A) requires
Q128: When GATT began in 1947, average tariffs
Q129: The World Trade Organization (WTO) _
A) members
Q131: Originally, GATT members had agreed to three
Q132: As a result of the Uruguay Round,
Q133: The establishment of GATT resulted in _
A)
Q134: Which of the following statements is true
Q135: The Uruguay Round created _
A) the International
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