What Was the Outcome for the GATT After the Ratification

question 98

Multiple Choice

What was the outcome for the GATT after the ratification of the Uruguay Round agreements?

• A) With the ratification of the Uruguay Round agreements, the GATT became part of the World Trade Organization (WTO) in 1995, and its 117 original members moved into a new era of free trade.
• B) It became part of the World Trade Organization.
• C) It led to the uneven distribution of economic power and potential.
• D) The European Union decided to stay away from the treaty.
• E) The original purpose was sidelined in favor of political and military intervention between member states.

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Definitions:

Race

A social construct used to categorize humans into large and distinct groups by cultural, historical, physical, and social characteristics.

Political Freedom

The freedom to participate in the political process of one's country or society, including the rights to free speech, assembly, to vote, and to run for office.

Mid-Nineteenth-Century

A period in the 1800s characterized by significant social, economic, and political changes worldwide, roughly encompassing the years from 1830 to 1870.

Paper Money

Currency in the form of printed paper notes issued by a government or central bank as legal tender for transactions.