A Possible Outcome of the Multilateral Approach to Free Trade

question 5

Multiple Choice

A possible outcome of the multilateral approach to free trade is that such an approach can

• A)win political support when a unilateral approach cannot.
• B)result in more restricted trade than under a unilateral approach,when international negotiations fail.
• C)result in drastic reductions in tariffs for many countries.
• D)All of the above are correct.

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Definitions:

Hunting and Gathering

Refers to a pre-agricultural system of lifestyle where societies rely on hunting wild animals and gathering wild plants for sustenance.

Alienated

Feeling isolated and separated from others or oneself, often resulting from social structures or personal relationships.

Conflict Theorists

Scholars and thinkers who apply the principles of conflict theory to analyze social, economic, and political inequalities and the dynamics of societal change.

Modern Life

The lifestyle and social norms existing in contemporary society, characterized by technological advancements, fast-paced environments, and changing social dynamics.