Examlex
Michele is a bank officer who takes the time to fully explain to an applicant why he was turned down for a loan. Michele is reflecting the ethical concern of ______ in her behaviour.
GATT
The General Agreement on Tariffs and Trade, an international treaty designed to reduce trade barriers and promote international commerce.
Tariff Rates
Taxes imposed by a government on imported goods, which can affect international trade by increasing the cost of imported products.
Net Welfare Loss
The decrease in social welfare, often measured as the loss in efficiency or total wealth due to distortions, such as taxes or subsidies.
World Trade Organization
An international organization that regulates international trade and ensures that trade flows as smoothly, predictably, and freely as possible.
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