The Uruguay Round,held Under the Umbrella of GATT,extended GATT to Cover

question 9

True/False

The Uruguay Round,held under the umbrella of GATT,extended GATT to cover services as well as manufactured goods.

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Definitions:

Elite Theory

A theory asserting that a small minority, consisting of members of the economic elite and policy-planning networks, holds the most power in society which they use to influence and control public policy.

Corporations

are legal entities recognized by law as separate from their owners, established to conduct business, generate profit, and be held liable for their actions, assets, and debts.

Executive Branch

One of the three branches of government, responsible for enforcing laws and policies, and typically headed by the president or prime minister in various forms of governments.

Constitutions

A set of fundamental principles or established precedents according to which a state or other organization is governed.