The ________ Came into Effect on January 1, 1995, as One

question 15

Multiple Choice

The ________ came into effect on January 1, 1995, as one of the three main multilateral annexes to the Agreement Establishing the World Trade Organization.

• A) General Agreement on Trade in Services (GATS)
• B) Central European Free Trade Agreement
• C) Trade and Investment Framework Agreement (TIFA)
• D) Alpine Convention

---

Definitions:

Fixed Costs

Fixed costs are business expenses that remain constant regardless of the level of production or sales, such as rent, salaries, or insurance premiums.

Total Cost

The total expense of producing goods, encompassing both constant and fluctuating expenses.

Total Cost

Total cost is the complete cost of production that includes both fixed and variable costs.

Quantity

The amount or number of a material or immaterial good considered as a unit or total.