The Establishment of GATT Resulted In

question 54

Multiple Choice

The establishment of GATT resulted in:

• A)lower tariff rates.
• B)an increase in the net welfare loss of economies.
• C)a decrease in the total world trade.
• D)increased protectionism.
• E)a rise in the price of imports.

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Definitions:

Milieu Therapy

A form of psychotherapy involving the use of therapeutic communities, where the environment itself is structured to contribute to the rehabilitation of individuals.

Social Environment

The direct physical and social environment where individuals reside or where an event or development takes place.

Self-Respect

The regard for one's own well-being and dignity, often seen as a crucial component of psychological health and personal integrity.

Productive Activity

Any task or action that contributes positively to the economic, social, or psychological well-being of an individual or community.