When GATT was successful in lowering tariff barriers to world trade, many nations created:
A) cartels.
B) keiretsus.
C) joint ventures.
D) nontariff barriers.
E) boycotts.

Question

Quizplus · Accepted Answer

When GATT successfully lowered tariff barriers to world trade, many nations created nontariff barriers to restrict imports and protect domestic industries. These barriers could include quotas, regulations, and other forms of restrictions that are not direct tariffs.

When GATT Was Successful in Lowering Tariff Barriers to World