The General Agreement on Tariffs and Trade Was Initially Implemented

question 155

Multiple Choice

The General Agreement on Tariffs and Trade was initially implemented to do which of the following?

• A) Promote free trade among members by eliminating trade barriers and educating individuals, companies, and governments about trade rules across the world
• B) Provide loans to countries to build up their infrastructure and increase economic opportunities
• C) Merge the United States, Canada, and Mexico into a single market
• D) Reduce worldwide tariffs and increase international trade
• E) Prevent the dumping of products into developing countries

---

Definitions:

Net Cash Flow

The amount of cash generated or lost over a period, taking into account cash inflows from operations, investments, and financing.

Operating Activities

Transactions and events that relate to the primary operations of the business, such as sales and purchase of goods and services.

Accounts Receivable

Unpaid customer dues to an enterprise for availed services or acquired goods.

Indirect Method

A technique used in cash flow statements to adjust net income for non-cash transactions and changes in working capital.