The EFTA Is Concerned with The

question 28

Multiple Choice

The EFTA is concerned with the:

• A) elimination of foreign terrorists
• B) eradication of foreign tribunals
• C) electronic transfers of funds
• D) eleemosynary, or charitable, transfers of funds

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Definitions:

GATT

The General Agreement on Tariffs and Trade, a multilateral treaty aimed at reducing trade barriers and promoting international trade through the reduction of tariffs and quotas.

World Trade Organization

An international organization designed to regulate and facilitate international trade between nations.

General Agreement on Tariffs and Trade

An international treaty that aimed to reduce tariffs and other trade barriers, leading to the establishment of the World Trade Organization.

Import Quotas

Restrictions set by the government on the amount or monetary worth of products allowed into a nation, aimed at shielding local businesses from overseas rivals.