A General Agreement on Tariffs and Trade (GATT) Accord in 1993

question 35

Multiple Choice

A General Agreement on Tariffs and Trade (GATT) accord in 1993 called for:

• A) increased trade restrictions outside of North America.
• B) lower trade restrictions around the world.
• C) uniform environmental standards around the world.
• D) uniform worker health laws.

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Definitions:

Arrow Impossibility Theorem

A theorem stating that no rank-order voting system can be designed that always satisfies three fairness criteria: non-dictatorship, Pareto efficiency, and independence of irrelevant alternatives.

Pairwise Majority Voting

A voting system in which decisions are made by comparing the preferences of the majority for each pair of options in turn.

Symbolism

A late-19th-century movement based on the idea that the artist was not an imitator of nature but a creator who transformed the facts of nature into a symbol of the inner experience of that fact.

Gustave Moreau

A French Symbolist painter known for his mystical and elaborate works, blending classical subjects with Byzantine and medieval influences.