The Rules Established Under GATT Are Enforced by the

question 33

Multiple Choice

The rules established under GATT are enforced by the

• A)governments of the nations that are involved in GATT.
• B)North American Free Trade Association.
• C)World Trade Organization.
• D)European Union.

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Definitions:

IFRS

International Financial Reporting Standards, a set of accounting standards developed by the International Accounting Standards Board (IASB) that aim to bring transparency, accountability, and efficiency to financial markets around the world.

Government Organizations

Entities established by a government to carry out specific functions, policies, or objectives within a regulatory or administrative framework.

Redistribute Wealth

The transfer of wealth from certain individuals or groups to others to achieve economic balance and social equity, often through taxation and welfare policies.

Government

The organization, machinery, or agency through which a political unit exercises authority and performs functions and which is usually classified according to the distribution of power within it.