The World Trade Organization Was Created by the __________ of the GATT

question 56

Multiple Choice

The World Trade Organization was created by the __________ of the GATT negotiations.

• A) Cyprus Round
• B) Canadian Round
• C) Norway Round
• D) Uruguay Round
• E) Doha

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Definitions:

Short-Term Gain

A profit from the sale of an asset held for one year or less.

Investment Portfolio

An assortment of financial assets including stocks, bonds, commodities, cash, and equivalents, such as mutual funds and exchange-traded funds (ETFs).

Preferential Tax Treatment

Special tax rules that result in a lower tax rate or beneficial tax conditions for certain types of income or taxpayers.

Accumulated Straight-Line Depreciation

The total amount of depreciation expense recorded for an asset over its useful life, calculated using the straight-line method.