The General Agreement on Tariffs and Trade and the World

question 19

Multiple Choice

The General Agreement on Tariffs and Trade and the World Trade Organization have resulted in

• A) termination of export subsidies applied to manufactured goods.
• B) termination of import tariffs applied to manufactures.
• C) termination of import tariffs applied to agricultural commodities.
• D) termination of international theft of copyrights.
• E) a number of rounds of multilateral trade agreements.

---

Definitions:

Common Stock

A type of equity security that represents ownership in a corporation, carrying voting rights and potentially dividends.

Preferred Stock

A class of ownership in a corporation that has a higher claim on assets and earnings than common stock, usually with fixed dividends and without voting rights.

Stock Split

An action by a company to divide its existing shares into multiple new shares to boost the liquidity of the shares, though the overall value of one’s investment remains the same.

Stock Dividend

A payment made by a corporation to its shareholders in the form of additional shares, rather than cash.