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:

Frequency

A measurement of how often a repeating event, such as a wave, occurs within a specified amount of time, typically measured in hertz (Hz).

Samuel Seabury

The first American Episcopal bishop, ordained in 1789, and a loyalist during the American Revolutionary War, known for his debates on the political, social, and religious issues of his time.

Revolutionary Period

The era in American history from approximately 1765 to 1783, during which the Thirteen Colonies gained independence from Great Britain, culminating in the Revolutionary War.

Deployment

The movement of military forces to a specific position for strategic purposes, or the widespread adoption of technology or resources in various fields.