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The General Agreement on Tariffs and Trade Included Services Under

question 188

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The General Agreement on Tariffs and Trade included services under international trading rules.


Definitions:

Labor-Capital

The relationship or ratio between the labor force and the amount of capital investment in an economy or production process.

National Income

The total value of all goods and services produced by a country over a specific period, accounting for income earned domestically and abroad.

Labor Force

All the members of a particular organization or population who are able to work, viewed collectively.

Unionized

Describes a workplace or workforce that is represented by one or more labor unions, which negotiate wages, work rules, and working conditions.

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