Which of the Following Statements Regarding GATT Is True

question 109

Multiple Choice

Which of the following statements regarding GATT is true?

• A)GATT attempted to liberalize trade restrictions in one go.
• B)In its early years,GATT was unsuccessful and hence was superseded by the WTO.
• C)GATT regulations failed as they were enforced by an unshared monitoring mechanism.
• D)Tariff reductions through negotiations were spread over eight rounds.

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