GATT (General Agreement on Tariffs and Trade)itself Had No Enforcement

question 47

True/False

GATT (General Agreement on Tariffs and Trade)itself had no enforcement power,and the losing party in a dispute was entitled to ignore the ruling.

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Definitions:

Current Ratio

A liquidity ratio that measures a company's ability to pay short-term obligations with its current assets over its current liabilities.

Financial Data

Numerical information reflecting the financial health and operations of a company, including income statements, balance sheets, and cash flow statements.

Working Capital

The difference between a company's current assets and current liabilities, indicating the liquidity and operational efficiency of the business.

Financial Data

Information related to the financial performance of a business, including income, expenses, assets, liabilities, and equity, used for analysis and decision-making.