Simultaneous Tariff Reduction on the Part of Many Countries Is

question 174

Multiple Choice

Simultaneous tariff reduction on the part of many countries is called

• A)regional trading areas.
• B)multilateral negotiations.
• C)bilateral negotiations.
• D)unilateral disarmament.
• E)the political economy approach.

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Definitions:

Net Worth

The value of all assets a person or corporation owns, minus the liabilities they owe; a measure of financial health.

Liabilities

A debt owed by a business to another organization or individual.

Assets

Resources owned by a business or individual that have economic value and can provide future benefits.

Venture Capitalist

An investor who provides capital to startup ventures or supports small companies that wish to expand but do not have access to equities markets.