The General Agreement on Tariffs and Trade (GATT)was Formed to Replace

question 62

True/False

The General Agreement on Tariffs and Trade (GATT)was formed to replace the World Trade Organization (WTO)because the WTO was empowered only to reduce barriers to trade in goods.The GATT is an agreement to reduce barriers to trade in goods,services,and intellectual property.

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Definitions:

Home Technology

Electronic and automated technologies designed for domestic use, enhancing living environments through comfort, convenience, efficiency, and entertainment.

Consume Film

This term refers to the act of watching or experiencing films.

Ancillary Revenue

Ancillary Revenue is the income earned by a business from secondary sources, beyond its primary product or service offerings, such as merchandise or licensing fees.

Screen Actors Guild

A labor union representing actors in the film and television industry, known for negotiating and enforcing contracts to ensure fair working conditions and wages.