Which Trade Agreement Represented the Most Significant Change to the Regulations

question 68

Multiple Choice

Which trade agreement represented the most significant change to the regulations governing global trade during the 1990s?

• A)Maastricht Treaty of Europe  
• B)North American Free Trade Agreement  
• C)General Agreement on Tariffs and Trade  
• D)Mercosur

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Definitions:

Sole Proprietorship

A sole proprietorship is a form of business owned and run by one individual, where there is no legal distinction between the owner and the business.

Unlimited Liability

A legal structure in which owners are personally responsible for all of the company's debts and liabilities without limit.

Limited Liability

A legal structure where a company's owners are protected from personal liability for the company's debts or liabilities.

Limited Liability

Refers to a legal structure where a company's owners are not personally liable for the company's debts or liabilities.