The General Agreement on Trade and Tariffs

question 34

Multiple Choice

The General Agreement on Trade and Tariffs

• A) has a one-state, one-vote system.
• B) loan funds are obtained from governments.
• C) loans money to states to help achieve currency-exchange stability.
• D) led to the creation of the World Trade Organization.
• E) led to the creation of the International Trade Organization.

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Definitions:

Medicare

A federal health insurance program in the United States for people aged 65 and over, as well as for some younger people with disabilities.

Payroll Deductions

Amounts subtracted from an employee's gross salary for taxes, insurance premiums, benefits, and other payroll-related charges.

Liabilities

Debts or duties a firm has towards third parties, necessitating repayment through the allocation of economic advantages over time.

Federal Unemployment Taxes

Taxes imposed on employers to fund the federal government's oversight and support of state unemployment insurance programs.