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 among 23 countries
D) 1973 to increase trade restrictions, after OPEC significantly raised oil prices
E) 1990 to create a common market
Correct Answer:
Verified
Q125: The primary difference between an import tariff
Q126: Which of the following is not a
Q127: The establishment of GATT resulted in
A)lower tariff
Q128: A major U.S.motive for negotiating a free-trade
Q129: A major U.S.motive for negotiating a free-trade
Q131: According to some economists, the protection granted
Q132: Dumping is the practice of
A)selling a lower
Q133: Which of the following is not a
Q134: Which of the following is not an
Q135: The World Trade Organization (WTO)
A)members are required
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