Explain what the General Agreement on Tariffs and Trade (GATT) is and give pro and con arguments concerning this agreement
GATT refers to the General Agreement on Tariffs and Trade. The United States and 125 other countries formally signed GATT in 1994 . The general purpose of GATT is to eliminate trade barriers between signatory countries and to bolster commerce.
Proponents of GATT claim that the United States will be a primary beneficiary since this country has traditionally assessed lower tariffs than other countries. Accordingly, the U.S. will be able to compete on a more level footing with foreign competitors. The result will be a great increase in world trade and greater income for this country.
Opponents of GATT argue that this country will lose millions of jobs since labor-intensive goods will be made via exploited labor in foreign countries. Given the low cost of production, American companies will not be able to compete. Additionally, opponents claim that domestic job losses will be in low-end employment, so those put out of work are the ones least able to find alternative employment.
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What will be an ideal response?
Which of the following is a step in the development of the total compensation strategy that involves the choosing of techniques to fit the strategy?
A. implementing cultural and regulatory changes B. reassessing the fit C. implementing strategy D. assessing total compensation implications E. mapping a total compensation strategy
The building blocks of service quality are reliability, responsiveness, assurance, empathy, and tangibles.
Answer the following statement true (T) or false (F)
The UCC does not apply to a contract for the sale of goods if the value of the goods is less than $500.
Answer the following statement true (T) or false (F)