The WTO (Under the GATT Agreement) Provides That Nations May

question 134

Multiple Choice

The WTO (under the GATT agreement) provides that nations may
Enter into regional trade agreements as long as they:

• A)limit such agreements to one.
• B)extend the provisions to all other nations in the WTO.
• C)do not jointly increase tariffs against outside countries.
• D)make sure they include smaller nations in their regions.

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Definitions:

Economy Moves

Economic activities or shifts that influence the overall growth, stability, or direction of an economy.

Supply

The total amount of a specific good or service that is available to consumers at a given price and time.

Quantity Supplied

The amount of a good or service that producers are willing to offer for sale at a particular price over a given period of time.

Economy Moves

The dynamic changes and shifts in economic activity and trends over time, including growth, recession, and recovery phases.