Which of the Following Best Describes the Primary Purpose of the General

question 47

Multiple Choice

Which of the following best describes the primary purpose of the General Agreement on Tariffs and Trade (GATT) ?

• A)to create intellectual property regulations
• B)to encourage worldwide trade
• C)to ensure that every nation receives its fair share of any revenues generated from international trade and tariffs
• D)to prevent wars based on trade issues

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Definitions:

Regression

A statistical method used to estimate relationships among variables, often to predict a dependent variable from one or more independent variables.

Market Index

A statistical measure that indicates the performance of a group of stocks, representing a specific segment of the stock market.

Portfolio Standard Deviation

A statistical measure of the volatility of returns from a portfolio of assets, indicating the degree of investment risk.

Covariances

A measure that indicates the extent to which two variables change together, determining the degree of their correlation.