Statement I: GATT Regulates World Trade

question 29

Multiple Choice

Statement I: GATT regulates world trade.
Statement II: The basis for international trade is that a nation stands to gain more if it can sell more to other nations than it buys from them.

• A)Statement I is true and statement II is false.
• B)Statement II is true and statement I is false.
• C)Both statements are true.
• D)Both statements are false.

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Definitions:

Wide Boulevards

Broad streets often lined with trees and designed for aesthetic appeal and efficient traffic flow in urban areas, sometimes used for public gatherings or parades.

Uniform Buildings

Architectural structures designed and constructed to have a consistent or standardized appearance, often within a particular area or development.

Secondary Education

The stage of education following primary education, usually provided for teenagers and focused on preparing students for higher education, vocational education, or employment.

Working Class

A social group consisting of people employed in lower tier jobs, often involving manual labor, and who typically possess less economic power and educational attainment compared to the middle and upper classes.