According to GATT,quotas Are Considered Acceptable Devises for Regulating Trade

question 30

Multiple Choice

According to GATT,quotas are considered acceptable devises for regulating trade only where:

• A) a nation is imposing a temporary safeguard to protect its balance of payments.
• B) they are enacted into law by a nation's legislative body.
• C) nations are engaged in a trade war.
• D) a nation has first petitioned the United Nations for permission to do so.

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Definitions:

Corporate Officers

Executives appointed by the board of directors of a corporation, responsible for managing the daily operations and making significant business decisions.

Insiders

Individuals within an organization who possess confidential information, typically due to their position or role within the company.

Simplistic Definition

A type of explanation or description that is intentionally basic and straightforward, possibly overlooking complexities.

Security

A financial instrument designated as a note, stock, or bond or any other instrument named in the Securities Act of 1933.