What Is a Major Argument Against the GATT Treaty

question 18

Multiple Choice

What is a major argument against the GATT Treaty?

• A) The United States will have to compete against countries with unlimited pools of exploited labor.
• B) The United States will lose millions of jobs involving low-end employment and these types of workers are least capable of finding other employment.
• C) Both a and b above are major arguments against GATT.
• D) Neither a nor b above is a major argument against GATT.

---

Definitions:

Internal Failure Cost

Costs incurred due to defects in goods or services before they are delivered to the customer, part of quality management expenses.

Quality Cost Report

A financial report detailing the costs associated with ensuring and maintaining the quality of products or services, including prevention, appraisal, and failure costs.

Appraisal Cost

Costs incurred to ensure that a product or service meets quality standards, including testing, inspections, and certifications.

Quality Cost Report

A financial report that details the costs associated with preventing, detecting, and dealing with defects in products.