The ________ Clause Embodied the Fundamental Principle of GATT-Trade Without

question 1

Multiple Choice

The ________ clause embodied the fundamental principle of GATT-trade without discrimination.

• A)most-favored-nation
• B)nontariff barriers
• C)free rider
• D)normal trade relations

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Definitions:

Usury Laws

Regulations that impose a maximum interest rate that can be charged on loans to prevent excessive and unfair interest rates.

Interest

The cost of borrowing money, typically expressed as a percentage of the amount borrowed, or the income earned on deposited funds.

Rent

A periodic payment made by a tenant to a landlord for the use of land, premises, or other property.

Surplus

An excess of income or assets over expenditure in a given period, often referring to a government's budget.