The GATT Had No Enforcement Power Since the Losing Party

question 73

True/False

The GATT had no enforcement power since the losing party in a dispute was entitled to ignore the ruling.

---

Definitions:

Unique Talents

Distinctive or exceptional abilities or aptitudes that an individual possesses, setting them apart from others.

Competitive Strategy

The plan or approach a business takes to position itself advantageously in the market and gain superiority over its competitors.

Efficiency

The ability to accomplish a task or goal using the least possible amount of time, effort, or resources.

Financial Crisis

A situation where the value of financial institutions or assets drops significantly, often leading to panic or economic downturn.