The Agreement That Once a Good Has Entered a Country,it

question 62

Multiple Choice

The agreement that once a good has entered a country,it must be treated as equivalent to a domestically-produced good of the same type for purposes of taxation and regulation is called

• A) a regional trade agreement.
• B) most-favoured nation treatment.
• C) national treatment.
• D) fair treatment.
• E) a multilateral agreement.

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Definitions:

Fallacy

A mistake in the process of reasoning that makes an argument flawed or not logically correct.

General Proposition

A statement or assertion that expresses a concept or principle applying broadly across many instances or situations.

Insufficient Evidence

A situation where there is a lack of adequate information or data to support a claim or conclusion.

Blanket Statement

A generalization that is broad and overlooks exceptions or variability.