This topic contains a solution. Click here to go to the answer

Author Question: The most favored nation principle means that a. one nation is selected to benefit the most from ... (Read 111 times)

elizabeth18

  • Hero Member
  • *****
  • Posts: 559
The most favored nation principle means that
 
  a. one nation is selected to benefit the most from free trade.
  b. if a state lowers a tariff toward one General Agreement on Tariffs and Trade (GATT) member, it is obligedto give all members the same low tariff.
 c. regional trading partners are given favorable trading terms.
  d. the GATT ensures that one country receives preferential trade treatment.

Question 2

__________ describes the agreement that one state's tariffs on goods would be the same as its trading partner's tariff.
 
  a. Reciprocity
  b. Embedded liberalism
  c. Trade equality
  d. Non-discrimination



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

cassie_ragen

  • Sr. Member
  • ****
  • Posts: 347
Answer to Question 1

b

Answer to Question 2

a





 

Did you know?

People about to have surgery must tell their health care providers about all supplements they take.

Did you know?

Aspirin may benefit 11 different cancers, including those of the colon, pancreas, lungs, prostate, breasts, and leukemia.

Did you know?

Drugs are in development that may cure asthma and hay fever once and for all. They target leukotrienes, which are known to cause tightening of the air passages in the lungs and increase mucus productions in nasal passages.

Did you know?

The use of salicylates dates back 2,500 years to Hippocrates's recommendation of willow bark (from which a salicylate is derived) as an aid to the pains of childbirth. However, overdosage of salicylates can harm body fluids, electrolytes, the CNS, the GI tract, the ears, the lungs, the blood, the liver, and the kidneys and cause coma or death.

Did you know?

Amoebae are the simplest type of protozoans, and are characterized by a feeding and dividing trophozoite stage that moves by temporary extensions called pseudopodia or false feet.

For a complete list of videos, visit our video library