The GATT's Most-Favored Nation Clause Means That Tariff Reductions Granted

question 159

Multiple Choice

The GATT's most-favored nation clause means that tariff reductions granted by a member of GATT to imports from one country

• A)apply only to that country
• B)are only extended to certain favored members of GATT
• C)are extended to all other members of GATT
• D)must be matched by equivalent quota reductions
• E)are extended to all other countries of the world

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Definitions:

Bronchi

The major air passages of the lungs that diverge from the windpipe, providing a pathway for air to reach the lungs.

Carbon Dioxide

It's a transparent, unscented gas formed through the burning of carbon-containing compounds and the act of breathing, which is assimilated by plants in the photosynthesis process.

Bicarbonate Ions

Bicarbonate ions (HCO3-) act as a buffer in biological systems, helping to maintain pH balance in blood and other bodily fluids.

Carbonic Anhydrase

An enzyme that catalyzes the conversion of carbon dioxide and water into carbonic acid, playing a vital role in respiratory gas exchange and pH balance.