Which of the Following Statements About the 1994 General Agreement

question 59

Multiple Choice

Which of the following statements about the 1994 General Agreement on Trade in Services is false?

• A) It is patterned after the concepts that GATT applies to trade in goods.
• B) It expands provisions governing trade in services provided for in the original GATT agreement.
• C) It prohibits a requirement that local inventors must own a percentage of a foreign services company.
• D) It allows each country to list exceptions to the General Agreement for certain service industries.

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Definitions:

Civil Law

A legal system that deals with disputes between private individuals or entities, often involving compensation.

Failed

Refers to not achieving a desired result or failing to meet a specified standard or criterion.

Perform

To carry out, execute, or complete a task, action, or ceremony.

Statute Of Limitations

A law prescribing the maximum period within which legal action can be taken after a specified event, such as a crime or breach of contract.