The Most Favored Nation Principle Means That

question 65

Multiple Choice

The most favored nation principle means that

• A) one nation is selected to benefit the most from free trade.
• B) if a state lowers a tariff toward one General Agreement on Tariffs and Trade (GATT) member, it is obliged to give all members the same low tariff.
• C) regional trading partners are given favorable trading terms.
• D) the GATT ensures that one country receives preferential trade treatment.

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Definitions:

Mental Disorder

A broad category of conditions affecting mood, thinking, and behavior that impair an individual's ability to function in daily life.

Diagnosed

The process of identifying a disease or condition from its symptoms and diagnostic tests.

Cultural Background

The environment, traditions, values, and beliefs that influence an individual's identity and behaviors, shaped by the culture they grow up in or are a part of.

Schizophrenia

A psychological disorder characterized by extreme alterations in thought, in perceptions, and/or in consciousness that result in a break from reality.