The General Agreement on Tariffs and Trade (GATT)______

question 88

Multiple Choice

The General Agreement on Tariffs and Trade (GATT) ______.

• A)is a treaty governing interstate commerce within different countries
• B)is designed to promote trade between different states within a country
• C)levies a flat rate or tariff on trade between member countries
• D)was established in 1947

---

Definitions:

Percentiles

A statistical measure indicating the value below which a given percentage of observations fall in a dataset.

Pay Equity Legislation

Laws aimed at eliminating discrimination in pay scales for work of equal value, regardless of gender or other non-job-related factors.

Labour Market

The supply and demand dynamics for labor, where employers seek to hire workers and workers seek employment.

Compa-ratio

A metric that compares an individual's salary to the market average for similar positions.