The Main Operating Principle of the General Agreements of Tariffs

question 12

Multiple Choice

The main operating principle of the General Agreements of Tariffs and Trade (GATT) was the concept of normal trade relations (NTR) status, formerly known as:

• A) Early Favored Nation status.
• B) Most Favored Nation status.
• C) Late Favored Nation status.
• D) the World Trade status.
• E) the Best Nation status.

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Definitions:

Salutary Goal Statements

Declarations that outline beneficial, health-promoting objectives meant to guide actions and decisions.

Subgoals

Specific, achievable objectives that contribute to reaching a larger goal.

Immediacy

The quality of bringing forth a direct, instant sense of presence or importance to the current moment or situation.

Simpler and Easier

Refers to methods, processes, or actions that are more straightforward and require less effort to complete.