The GATT's Most-Favored Nation Clause Means That Tariff Reductions Granted

question 159

Multiple Choice

The GATT's most-favored nation clause means that tariff reductions granted by a member of GATT to imports from one country

• A)apply only to that country
• B)are only extended to certain favored members of GATT
• C)are extended to all other members of GATT
• D)must be matched by equivalent quota reductions
• E)are extended to all other countries of the world

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Definitions:

Inherited Disease

A disorder or condition that is passed genetically from parent to child, which may be evident at birth or develop later in life.

Progressive Disability

A condition where an individual experiences an increase in the limitations on their physical or mental abilities over time.

Early Death

Death occurring before the average age of natural mortality in a given population.

Malignant Tumor

A cancerous growth that is invasive and can spread to other parts of the body.