The most favored nation principle means that
a. one nation is selected to benefit the most from free trade.
b. if a state lowers a tariff toward one General Agreement on Tariffs and Trade (GATT) member, it is obligedto give all members the same low tariff
c. regional trading partners are given favorable trading terms.
d. the GATT ensures that one country receives preferential trade treatment.
b
You might also like to view...
Which of the following is an alternative definition of "the state"?
A) an organized authoritative form of government B) a territorially-bound sovereign entity C) the population that makes up a particular territorial region D) a deeply shared identification among a group of people
Nuclear power plants account for ____ percent of America's energy consumption
A. 5 B. 25 C. 10 D. 30
Political parties devote much of their time and resources to appeal to
a. undecided voters b. the other party's members c. their own loyalists d. non-voters
McCulloch v. Maryland (1819) is an important Supreme Court ruling because
a. it signified the end of the debate surrounding the nullification doctrine b. it strengthened state government power by declaring that Maryland could tax a federal bank under the doctrine of dual sovereignty c. it expanded state government power by declaring that state laws could override the commerce clause d. it limited state government power by declaring that Maryland could not tax a federal bank