When GATT Was Created in 1947, How Many Nations Signed

question 18

Multiple Choice

When GATT was created in 1947, how many nations signed on?

• A) 15
• B) 23
• C) 28
• D) 40
• E) 57

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Definitions:

Foreign Corrupt Practices Act

A U.S. law that prohibits companies from bribing foreign officials to obtain or retain business.

General Agreement

A broadly defined consensus or mutual understanding between parties on a range of issues or terms of engagement.

Building Trust

The process of establishing confidence in an entity's integrity, reliability, and competency over time within relationships.

Tariffs

Taxes imposed by a government on imported or exported goods, usually to protect domestic industries or to generate revenue.