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.

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Definitions:

Accounts Receivable Collection

The process of recovering funds that are due from customers who have purchased goods or services on credit.

Customer Discount

A reduction in the price of goods or services offered to buyers, often used as a sales promotion strategy.

Marketable Securities

Assets that can be rapidly turned into cash at an acceptable value.

Restrictive Short-Term Financial

Financial policies or practices that limit short-term borrowing or spending in order to achieve long-term financial stability.