Since the Introduction of the General Agreement on Tariffs and Trade

question 85

Multiple Choice

Since the introduction of the General Agreement on Tariffs and Trade (GATT) in the 1940s,

• A)Tariffs and import quotas have increased dramatically
• B)Tariffs around the world have fallen from an average of 40% to about 4%
• C)Common market treaties have become more difficult to negotiate and enforce
• D)The imposition of tariffs has been declared to be "unfair" in most situations
• E)Dumping has become a widespread practice between member nations

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