The GATT Principle of Nondiscrimination That Called for All Foreign

question 46

Multiple Choice

The GATT principle of nondiscrimination that called for all foreign goods to be treated equally with domestic goods, and that countries are not able to enact policies, such as taxes, to give their products an advantage over foreign products is called _____.

• A) national treatment
• B) most-favored nation status
• C) transparency
• D) liberalization

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Definitions:

Global

Pertaining to or involving the entire world, often in context of business operations, concerns, or impacts that are worldwide in scope.

Culture Shock

A feeling of confusion, doubt, or nervousness caused by being exposed to an unfamiliar culture or environment.

Alienation

A condition in social relationships characterized by a low degree of integration or common values and a high degree of distance or isolation.

Ethnocentrism

The belief in the inherent superiority of one's own ethnic group or culture, often accompanied by a feeling of contempt for other cultures.