According to the GATT, a Tariff Applied Under the Safeguard

question 100

Multiple Choice

According to the GATT, a tariff applied under the safeguard provision must:

• A) be temporary.
• B) be permanent.
• C) apply to all imports.
• D) be no higher than 10%.

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Definitions:

Arbitrary Cutoff Number

A designated numerical limit set without a specific rationale or basis, often used for categorization or decision-making.

Decision Rule

A guideline or criterion for making a choice between alternatives, especially in analysis or planning.

Circuit Protection

Various methods or devices used to protect electrical circuits from excessive current, preventing damage and hazards.

Marker Lights

Lights mounted on the exterior of vehicles to indicate the vehicle's presence and dimensions to other road users.