Originally, GATT members had agreed to three items. One of those was to _____
A) protect U.S. industries and decrease world trade.
B) manage legal and accounting requirements for U.S. tariffs and quotas.
C) reduce import quotas.
D) increase trade restrictions, after OPEC significantly raised oil prices.
E) develop a free trade zone across 50 states.
Correct Answer:
Verified
Q124: Regional trading bloc agreements
A)are not considered trade
Q127: The World Trade Organization (WTO) _
A) requires
Q128: When GATT began in 1947, average tariffs
Q129: The World Trade Organization (WTO) _
A) members
Q130: The General Agreement on Tariffs and Trade
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
Q136: The largest regional trading bloc is the
A)North
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