The WTO Opposes Quotas

question 58

Multiple Choice

The WTO opposes quotas. Why did the WTO not stop the U.S.-Japanese quota during the 1980s?

• A) There was a loophole in the GATT (at the time) that did not restrict nations from "voluntarily" curtailing their own exports.
• B) Quotas are permitted under the GATT and WTO-as long as they are implemented for an approved reason.
• C) The political situation at the time was tense; the GATT did not want to take on the powerhouses of the United States and Japan over such a small issue.
• D) The WTO operates by consensus; all parties wanted the quotas.

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Definitions:

Decision Time

The period during which an individual evaluates available options and chooses a course of action.

Neurons

Specialized cells transmitting nerve impulses; the fundamental units of the brain and nervous system.

Terminal Buttons

The small knobs at the end of an axon that release chemicals (neurotransmitters) to transmit the nerve impulse to the next neuron.

Synapses

The junctions across which nerve impulses pass from one neuron to another.