A Possible Outcome of the Multilateral Approach to Free Trade

question 5

Multiple Choice

A possible outcome of the multilateral approach to free trade is that such an approach can

• A)win political support when a unilateral approach cannot.
• B)result in more restricted trade than under a unilateral approach,when international negotiations fail.
• C)result in drastic reductions in tariffs for many countries.
• D)All of the above are correct.

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Definitions:

Positive Exponents

Exponents that are positive numbers, indicating how many times the base is multiplied by itself.

Expression

A combination of symbols that represent a quantity or a relationship between quantities, often including variables and constants.

Z

In statistics, \(Z\) often represents the z-score, a measure of how many standard deviations an element is from the mean.

Simplify

Reduction of expressions or equations to their simplest form by performing available operations.