Multiple Choice QuestionThe Uruguay Round of GATT negotiations, provided new rules to ______.Multiple choice question.encourage tariffsprevent dumpinglegalize embargoesencourage quotas
Question
Multiple Choice QuestionThe Uruguay Round of GATT negotiations, provided new rules to ______.Multiple choice question.encourage tariffsprevent dumpinglegalize embargoesencourage quotas
Solution
The Uruguay Round of GATT (General Agreement on Tariffs and Trade) negotiations, which took place from 1986 to 1994, was a major global multilateral trade negotiation that aimed to reduce barriers to trade. The correct answer to this question is:
"prevent dumping"
Dumping is a term used in the context of international trade. It's when a country or company exports a product at a price that is lower in the foreign importing market than the price in the exporter's domestic market. The Uruguay Round introduced new rules to prevent this practice and ensure fair trade.
Similar Questions
Multiple Choice QuestionA country may attempt to protect its own domestic industries by imposing a(n) _____, a type of tax, on imported products.Multiple choice question.tariffembargotrade deficitimport quota
Multiple Choice QuestionThe use of government regulations to limit the import of goods and services is called:Multiple choice question.trade protectionismtrade regulationbalance of tradefree trade
Multiple Choice QuestionAmerican consumers benefit from an increased standard of living during a Blank______.Multiple choice question.trade embargocurrency surplusrecessiontrade deficit
A feature of the General Agreement on Tariffs and Trade (GATT) is that Blank______.Multiple choice question.its objective is to liberalize trade by increasing tariffsit provides countries with legal and judicial power to punish a violating countryits voluntary membership means it has limited authority to enforce unrestricted tradeits membership is obligatory for every member of the United Nations
Multiple Choice QuestionMediating trade disputes among nations and overseeing cross-border trade issues and global business practices are functions of:Multiple choice question.The General Agreement on Tariffs and Trade (GATT)The World Trade Organization (WTO)The Central American Free Trade Agreement (CAFTA)The North American Free Trade Agreement (NAFTA)
Upgrade your grade with Knowee
Get personalized homework help. Review tough concepts in more detail, or go deeper into your topic by exploring other relevant questions.