There Are Different Types of Direct Effect

question 19

Multiple Choice

There are different types of direct effect. What are they?

• A) Parallel Direct Effect
• B) Standing direct effect
• C) Vertical direct effect
• D) Upper Direct Effect
• E) Horizontal direct effect

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Definitions:

GATT

The General Agreement on Tariffs and Trade, a legal agreement between many countries, aimed at promoting international trade by reducing or eliminating trade barriers such as tariffs or quotas.

World Trade Organization

An international body established to promote and regulate trade between member countries.

U.S. Tariffs

Taxes imposed by the United States government on imported goods and services to protect domestic industries or to generate revenue.

Retaliatory Tariffs

Import taxes imposed by a country in response to similar taxes levied by another country.