What Was the Primary Change from the General Agreement on Tariffs

question 25

Multiple Choice

What was the primary change from the General Agreement on Tariffs and Trade (GATT) to the World Trade Organization (WTO) focused on?

• A)The ability of the WTO to penalize the United States for any trade violation
• B)The ability of the WTO to prohibit certain countries from seeking penalties against other countries
• C)The ability of the WTO to allow states to challenge each other's laws at the WTO
• D)The ability of the WTO to create an international trade police that was permitted to examine imported goods

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Definitions:

Product Units

Divisions within an organization that are responsible for a particular product or product line.

Sales Volume

Sales Volume is the total number of units of a product or service sold within a specific time frame, used as a measure of business performance or market demand.

Total Number

The complete count or quantity of items within a set.

Machine Bureaucracy

A highly structured form of organization characterized by a top-down approach, strict rules, and defined hierarchical structure, optimizing for efficiency.