Which of the Following Statements About the GATT Is True

question 55

Multiple Choice

Which of the following statements about the GATT is true?

• A) Services and agriculture were the main areas covered by GATT.
• B) It began as a set of rules for settlement of disputes in domestic trade.
• C) It was designed to operate by consensus.
• D) Over time, it evolved into an institution that focused on increasing the prevailing low tariffs.

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Definitions:

Colour Vision

The ability of the visual system to distinguish objects based on the wavelengths of the light they reflect, emit, or transmit.

Retina

The light-sensitive layer of tissue at the back of the inner eye that converts light into electrical signals sent to the brain.

Absorbs Light

The process by which a material takes in light energy without reflecting it, often converting it into heat.

Visual Information

Refers to data obtained from observations in the form of images or visual perceptions.