The Purpose of the General Agreement on Tariffs and Trade

question 25

Multiple Choice

The purpose of the General Agreement on Tariffs and Trade (GATT) was to ________.

• A) create an international currency
• B) regulate exchange rates
• C) create regional trade organizations
• D) promote free trade

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Definitions:

Scenario Analysis

A planning tool used to make flexible long-term plans that test strategies against diverse future scenarios.

Competitors

Other businesses or entities that offer similar products or services and vie for the same customer base within a market.

Scope

Scope defines the boundaries of a project or initiative, detailing what is included and excluded from the work to be done.

Comprehensive Scenarios

Detailed, envisioned events or sequences that outline possible future situations, often used in planning and strategy development to anticipate challenges and opportunities.