Author Question: One major problem of the General Agreement on Tariffs and Trade (GATT) was the exclusion of certain ... (Read 59 times)

RRMR · **on:** Sep 4, 2018

One major problem of the General Agreement on Tariffs and Trade (GATT) was the exclusion of certain classes of products. One of the most significant classes of product originally excluded from GATT was

a. agricultural.
b. manufactured.
c. automotive.
d. pharmaceuticals.

Question 2

Which concept is described as a compromise between economic liberalism and state intervention?

a. Fair trade
b. Outsourcing
c. Embedded liberalism
d. Welfare economics