The General Agreement on Tariffs and Trade Is an International

question 99

Multiple Choice

The General Agreement on Tariffs and Trade is an international agreement

• A) that outlaws all tariffs but permits quotas.
• B) to encourage world trade by lowering tariffs and other trade barriers.
• C) to encourage world trade by lending resources to developing countries.
• D) between the United States and Japan that has never been ratified, resulting in several trade wars with Japan.

---

Definitions:

Wood Alcohol

Another term for methanol, a simple alcohol that is used as a solvent, antifreeze, or fuel, and is dangerous to consume.

Methanol

A simple alcohol with the formula CH3OH, used as a solvent, antifreeze, fuel, and as a feedstock in chemical synthesis.

IUPAC Name

The systematic naming of chemical compounds according to the rules set by the International Union of Pure and Applied Chemistry.

Orbital

A region around the nucleus of an atom where there is a high probability of finding an electron.