Determine the Percentage of a Given Number

question 30

Essay

Determine the percentage of a given number.
25% of 40

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Definitions:

Infant Industry

A new or emerging industry that may be protected by the government from international competition to allow it to grow and establish itself.

Foreign Competition

The competitive pressure that domestic companies face from the products and services offered by foreign firms in the same market.

General Agreement on Tariffs and Trade

An international trade treaty aimed at reducing customs tariffs and other trade barriers to foster global economic trade.

GATT

GATT, or the General Agreement on Tariffs and Trade, was a legal agreement created in 1947 to minimize barriers to international trade by eliminating or reducing quotas, tariffs, and subsidies while preserving significant regulations.