The Primary Function of the General Agreement on Tariffs and Trade

question 145

Multiple Choice

The primary function of the General Agreement on Tariffs and Trade (GATT) has been to limit trade barriers and promote world trade through the:

• A)establishment of an international Board of Commerce.
• B)explicit assessing of non-tariff trade barriers of services.
• C)reduction of tariffs.
• D)equalization of international quotas on manufactured goods.

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Definitions:

Sample

A group of people or observations chosen from a broader population intended for statistical study.

Population

The complete collection of people or cases that are the focus of the study.

Sample

A subset of individuals, objects, or measurements selected from a population that is used to make inferences about the overall population.

Specified Characteristic

A distinct property or attribute that has been identified or stipulated for observation or study.