How Did GATT Prevent the Repeat of the Economic Disaster

question 28

Multiple Choice

How did GATT prevent the repeat of the economic disaster that occurred after World War I?

• A) It provided short-term loans to struggling nations.
• B) It promoted dumping policies to allow stronger ties between member nations.
• C) It fostered isolationism for nations that were market leaders.
• D) It provided for a third party, the United Nations, to negotiate peace treaties.
• E) It provided a forum for member countries to negotiate a reduction of tariffs and other barriers to trade.

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Definitions:

Involvement

The degree of interest and personal significance that a consumer attaches to a product, brand, or activity.

Motivation

Refers to the psychological processes that prompt and direct human behavior towards achieving certain goals or fulfilling needs.

Maslow's Hierarchy

A theory in psychology proposed by Abraham Maslow, outlining a hierarchy of human needs from basic physiological needs to self-actualization.

Development Of Motives

The formation or evolution of reasons behind individuals' behaviors, driving them to act in certain ways.