Which Statement Best Characterizes the GATT's Most-Favoured Nation Clause

question 58

Multiple Choice

Which statement best characterizes the GATT's most-favoured nation clause?  

• A) Tariff reductions that are granted by a member of GATT to imports from one country apply only to that country. 
• B) Tariff reductions that are granted by a member of GATT to imports from one country are extended only to certain favoured members of GATT. 
• C) Tariff reductions that are granted by a member of GATT to imports from one country are extended to all other members of GATT. 
• D) Tariff reductions that are granted by a member of GATT to imports from one country must be matched by equivalent quota reductions.

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Definitions:

Hypolimnion

The lower layer of water in a stratified lake, characterized by being cold and typically oxygen-deficient, lying below the thermocline and epilimnion.

Surface Layer

The topmost layer of soil or material that covers the surface of an area, often subject to the most direct environmental interactions.

Open Sea

A large body of saltwater that is not enclosed by land; often referred to as the open ocean, it is deep and located away from coastal areas.

Photosynthesis

The process by which green plants and some other organisms use sunlight to synthesize foods from carbon dioxide and water, producing oxygen as a byproduct.