Which Statements Accurately Describes the General Agreement on Tariffs and Trade

question 41

Multiple Choice

Which statements accurately describes the General Agreement on Tariffs and Trade (GATT) ?

• A) The United States, the United Kingdom, and Germany were the only signatories of the original GATT.
• B) The original agreement provided a process to increase the tariffs on trade goods.
• C) GATT member nations seek to resolve their trade disputes unilaterally.
• D) The GATT panels have enforcement powers apart from advisory powers.
• E) It created an agency to serve as watchdog over world trade.

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