Explain What the General Agreement on Tariffs and Trade (GATT)is

question 9

Essay

Explain what the General Agreement on Tariffs and Trade (GATT)is and give pro and con arguments concerning this agreement.

---

Definitions:

Low Premium

Pertains to the relatively small amount paid for insurance coverage or other financial products, compared to higher-coverage options.

High Deductible

A health insurance plan feature requiring the policyholder to pay a significant amount of money before the insurance coverage begins.

High Premium

A term used in insurance to describe the higher cost paid by the insured for a policy with greater coverage or higher risk protection.

No Deductible

A policy condition in insurance where the policyholder is not required to pay any amount before the insurance company starts covering the insured loss.