One of the Basic Elements of the General Agreement on Tariffs

question 96

Multiple Choice

One of the basic elements of the General Agreement on Tariffs and Trade (GATT) is that:

• A) member nations are exempt from import tariffs to other member nations.
• B) all tariffs shall be abolished among member nations at the time of membership.
• C) the World Court shall review all trade disputes and make final judgments.
• D) trade shall be conducted on a nondiscriminatory basis.
• E) trade in services and investments will be excluded from the purview of the GATT.

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Definitions:

Embryonic Stage

A period in prenatal development occurring from the end of the second week through the eighth week after conception, where major organs and structures within the organism begin to develop.

Germinal Stage

The first two weeks of prenatal development after conception, characterized by rapid cell division and the beginning of cell differentiation.

Foetal Stage

The developmental stage of a fetus from 9 weeks after fertilization until birth, characterized by rapid growth and development of bodily structures.

Prenatal Period

The stage of development before birth, from conception to birth, focusing on fetal growth and development within the womb.