Thailand's Import Restrictions on Cigarettes

question 43

Multiple Choice

Thailand's import restrictions on cigarettes:

• A) were justified under GATT article XI as protection of domestic agriculture.
• B) were justified in the interest of public health.
• C) were not justified under GATT article XI as protection of domestic agriculture.
• D) were not justified because they violated the principle of free trade.

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Definitions:

Payment Interval

The regular time period between payments on a loan or investment, such as monthly or annually.

Periodic Interest Rate

The interest rate charged or paid over a specific period of time, shorter than a year, such as monthly or quarterly.

Annuity

A financial arrangement designed to supply a consistent stream of payments, usually to assist individuals in maintaining income after retirement.

Payment Interval

The regular schedule at which payments are made, such as monthly or quarterly.