The "Escape Clause" of the GATT Agreement Derives Its Name

question 42

Multiple Choice

The "escape clause" of the GATT agreement derives its name from the fact that:

• A) it allows a country to escape from having trade disputes settled by GATT guidelines.
• B) it permits a country to escape from its previously negotiated tariff obligations.
• C) it permits a country to be relieved of having to make its balance of payments obligations for a short period of time.
• D) none of these are correct.

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Definitions:

Heat Exchanger

A device used to transfer heat between two or more fluids, gases, or solids of different temperatures without mixing them.

Condenser

An electrical charge storage device also known as a capacitor. In an A/C circuit, it is a heat exchanger located in the vehicle airflow and subject to the ram air. Cooling of the refrigerant causes it to condense to a liquid state. This results in the refrigerant changing to a liquid state.

Thermodynamics

A branch of physics that deals with the behavior of heat; its principles are used to explain the operation of heat exchangers and A/C operation.

Behavior of Heat

The study of how heat energy transfers between materials or systems and its effects.