In Which of the Following Ways Did the Uruguay Round

question 47

Multiple Choice

In which of the following ways did the Uruguay Round of Negotiations modify the original General Agreement on Tariffs and Trade (GATT) treaty?

• A) It helped standardize intellectual property rules around the world.
• B) It called on developing and least-developed economies to cut agricultural tariffs significantly.
• C) It relaxed the additional tariffs imposed on companies charged with dumping.
• D) It increased barriers to trade in all developed, developing and least-developed nations.

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Definitions:

Hot Dog

A cooked sausage, traditionally grilled or steamed and served in a partially sliced bun as a sandwich.

Hamburger

A popular food item consisting of a cooked patty, usually made from ground beef, placed inside a sliced bun, often served with various condiments and toppings.

Budget Constraint

The limits imposed on household choices by income, wealth, and product prices, affecting the combination of goods and services they can afford.

Point D

A reference to a specific point on a graph or chart, often used to denote a particular set of conditions or coordinates in economic analysis.