GATT Envisages a Process of Tariff Bargaining,and This Is Accomplished

question 8

True/False

GATT envisages a process of tariff bargaining,and this is accomplished through a hit-and-miss process of tariff reductions and increases called "rounds."

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Definitions:

Economic Capital

Economic capital is the total assets or wealth owned by an individual or organization, which can be used or invested to generate income or produce further wealth.

Social Integration

The process during which newcomers or minorities are incorporated into the social structure of the host society.

Trade School

An educational institution that teaches job-specific skills for specific careers or trades, rather than academic subjects.

High School Diplomas

Certification awarded by educational institutions to signify that a student has completed the required coursework and standards for secondary education.