Which of the Following Replaced the General Agreement on Tariffs

question 4

Multiple Choice

Which of the following replaced the General Agreement on Tariffs and Trade (GATT) ?

• A) the World Bank
• B) the World Trade Organization
• C) the International Monetary Fund
• D) the North American Free Trade Agreement

---

Definitions:

Negotiation

The process of discussing an issue between two or more parties with the aim of reaching a consensus or an agreement.

Concentration Ratio

A measure of the market share of the largest firms within an industry, indicating the market's competitive landscape.

Industry Output

The total production output of firms within a specific industry, an indicator of an industry's scale and health.

Celebrity Endorsements

The practice of having celebrities or well-known public figures promote a product, service, or brand.