Quotas Are Not Permitted Under GATT or Under U

question 64

True/False

Quotas are not permitted under GATT or under U.S.law as a method of protecting domestic industries,unless a trade compensation is provided as a form of compensation.

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Definitions:

Financial Resources

Assets and funds available to a person or organization for spending, investing, or other purposes.

Hans Selye

A Hungarian-Canadian endocrinologist known for his research on the physiological effects of stress, termed the "General Adaptation Syndrome."

Alarm Phase

The initial reaction of the body to stress, activating the sympathetic nervous system and the fight or flight response.

Adrenal Cortex

The outer part of the adrenal gland that produces steroid hormones which regulate metabolism and immunity, among other functions.