The Main Operating Principle of the General Agreements of Tariffs

question 62

True/False

The main operating principle of the General Agreements of Tariffs and Trade (GATT) is the concept of the Highly Favored Nation status (HFN).

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Definitions:

Consumer Electronics

Electronic equipment intended for everyday use by individuals, including devices like smartphones, tablets, and laptops.

Television Home Shopping

A form of electronic retailing where products are marketed to consumers through live presentations on television.

35- To 64-Year-Old Women

A demographic segment of the population, classified by age, often targeted by marketers for specific products or services.

Factory Outlets

Retail stores directly operated by manufacturers, offering goods at reduced prices, typically those that are overproduced or from past seasons.