Which of the Following Is NOT True of the GATT

question 59

Multiple Choice

Which of the following is NOT true of the GATT?

• A) The United States and 22 other countries signed the GATT shortly after World War II.
• B) The GATT paved the way for the first effective worldwide tariff agreement.
• C) Member nations seek to resolve their trade disputes unilaterally.
• D) The GATT panels are only advisory and have no enforcement powers.
• E) It created an agency to serve as watchdog over world trade.

---

Definitions:

Charity Raffle

A fundraising event where tickets are sold for the opportunity to win prizes, with the proceeds going to support a charitable cause.

Clinical Trials

Research studies conducted with human volunteers designed to evaluate the safety and efficacy of new treatments or interventions.

FDA Approval

FDA approval is the authorization granted by the U.S. Food and Drug Administration for a drug or medical device to be marketed or sold after it has been proven safe and effective for use.

Net Revenue

The total income generated from business activities after subtracting the costs of goods sold and operational expenses.