Which of the Following Assertions Is Not Correct About the Multilateral

question 9

Multiple Choice

Which of the following assertions is not correct about the multilateral approach to free trade?

• A)The multilateral approach has the potential to result in freer trade than does the unilateral approach.
• B)The multilateral approach may have a political advantage over the unilateral approach.
• C)The multilateral approach is simpler than the unilateral approach.
• D)NAFTA and GATT both represent multilateral approaches to free trade.

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Definitions:

Sell Decision

A sell decision is a financial strategy or choice made by an investor or a firm to dispose of an asset or security.

Joint Decision Procedure

A collaborative process involving two or more parties making a decision together.

Direct Influence

Direct influence involves exerting control or persuading others through straightforward means, without the intermediary of indirect or subtle methods.

No Participation

The absence or refusal of involvement in a particular process or activity.