An International Agreement from 1947 Designed to Lower Tariffs Was

question 142

Multiple Choice

An international agreement from 1947 designed to lower tariffs was

• A) the General Agreement on Tariffs and Trade.
• B) the World Trade Organization.
• C) the World Agreement on Tariffs and Trade.
• D) the Trade and Tariff Agreement.

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Definitions:

Homeostatic Interaction

The process by which biological systems maintain stability and equilibrium within their internal environment despite external changes.

Positive Feedback

A process in which the output or result of an action enhances or amplifies the original action.

Synergistic Interaction

A phenomenon where combined actions of different elements produce an effect greater than the sum of their separate effects.

Exponential Growth

Rapid increase in a quantity where the rate of growth is proportional to the current size, leading to ever-larger increases over time.