Author Question: What is most favored nation status? a. Under international law, it is when one nation continually ... (Read 62 times)

oliviahorn72 · **on:** Sep 4, 2018

What is most favored nation status?

a. Under international law, it is when one nation continually receives preferred
rulings by the International Court of Justice.
b. An agreement by which any state party to the agreement receives the same
terms of trade as the state that is most favored by each.
c. It is a term that refers to those states that have an excellent natural resource base.
Because of that base, they are said to be most favored.
d. In international monetary theory, any country that has a hard currency that is
convertible into gold is said to be most favored.

Question 2

What was the system called that structured international economic affairs from the end of World War II until the early 1970s?

a. the American System
b. the Imperialist Economic System
c. the Bretton Woods System
d. the New International Economic Order