The Principle by Which All Countries Involved in GATT Negotiations

question 110

Multiple Choice

The principle by which all countries involved in GATT negotiations receive the same tariff rates as the country with the lowest negotiated tariff rates is called

• A)regional trading areas.
• B)Uruguay Round.
• C)customs unions.
• D)most-favored nation.
• E)economic unionization.

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Definitions:

Net Present Value

A financial metric that calculates the difference between the present value of cash inflows and outflows over a period of time.

Expected Monetary Value

A decision-making technique in project management that calculates the average outcome when the future includes scenarios that may or may not happen.

Manufacturing Alternatives

Different methods or approaches available to produce a product, often evaluated based on cost, quality, and efficiency.