The most favored nation principle means that a. one nation is ...

[elizabeth18]

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

[cassie_ragen]

Answer to Question 1

b

Answer to Question 2

a

[elizabeth18]

Thanks

[cassie_ragen]

Welcome