Which of the following was not one of the principles on which the General Agreement on Tariffs and Trade (GATT) was established?
A. The elimination of import quotas.
B. Equal, nondiscriminatory trade treatment for all member nations.
C. The formation of international trade contracts to alleviate global poverty.
D. The reduction of tariffs by multilateral negotiations.
C. The formation of international trade contracts to alleviate global poverty.
You might also like to view...
In Problem 5, in the long run, what is the market price and the quantity of paper produced? What is the number of firms in the market?
What will be an ideal response?
Refer to the table above. If good S is capital intensive, then following the Heckscher-Ohlin Theory
A) country B will export good S. B) country A will export good S. C) both countries will export good S. D) trade will not occur between these two countries. E) both countries will import good S.
The problem caused by goods that are considered common resources is that they are:
A. undersupplied. B. oversupplied. C. under consumed. D. over consumed.
Two years ago Lenny put some money into an account. He earned 6 percent interest on this account and now he has about $1,000 . About how much did Lenny deposit into his account two years ago?
a. about $860 b. about $870 c. about $880 d. about $890