Which of the following statements accurately describes policies of the General Agreement on Tariffs and Trade (GATT) agreement of 1994?
a. Increasing tariffs on industrial products and lowering them on agricultural products
b. Reducing agricultural subsidies worldwide
c. Maintaining quotas on textile products from developing countries
d. Eliminating global protection for intellectual property rights
e. Allowing Canada to apply to join NAFTA
Question 2
Which of the following accurately reflects policies enacted by the North American Free Trade Agreement (NAFTA) among Mexico, the United States, and Canada?
a. It eliminated all tariffs among these countries immediately.
b. It called for the national treatment of all investments in the three countries.
c. It did not cover financial services among the three countries.
d. It failed to incorporate side agreements to protect the environment.
e. Both options A and B are true.
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