The Uruguay Round of GATT Negotiations

question 158

Multiple Choice

The Uruguay Round of GATT negotiations:

• A) reduced the nontariff barriers in services and increased them on manufactured goods.
• B) ended the use of patents,copyrights,and trademarks on an international basis.
• C) reduced or eliminated tariffs on thousands of products and,reduced the overall tariffs by 33 percent.
• D) restricted foreign investment in other countries to a specified percentage of a nation's domestic output.

---

Definitions:

Federal Lending Programs

Government-sponsored initiatives designed to provide loans to individuals, businesses, and other entities to promote economic development, support homeownership, or provide relief in financial distress situations.

Commercial Speech

Commercial speech involves any form of communication (e.g., advertising) used by businesses to promote the sale of goods and services, subject to certain regulations to protect consumers.

Constitutional Protection

Safeguards guaranteed by a constitution that protect the rights and freedoms of individuals and entities against infringements by the government.

Informational Function

The role of providing valuable data or knowledge to individuals or entities, facilitating informed decision-making.