The U.S., a GATT member, lowers its tariffs to Country X, a ...

[ahriuashd]

The U.S., a GATT member, lowers its tariffs to Country X, a developing country, but requires the normal tariff for all other countries. The U.S. is most likely using a ________.
 
  A) generalized system of preferences
  B) normal trade relations system
  C) staggered system of taxation
  D) cumulative tariff system

Question 2

What is a cost-of-living allowance?
 
  What will be an ideal response?

[nhea]

Answer to Question 1

A

Answer to Question 2

This allowance is intended to offset differences in the cost of living in the home and host countries. The premise is that a manager who accepts a foreign assignment is entitled to the same standard of living as the manager enjoyed at home.