Prior to the Uruguay Round agreement, the GATT was criticized because
A) it had no mechanism for enforcing its rules.
B) prominent segments of world trade, including trade in agriculture and services, were not covered by GATT rules.
C) member countries could veto GATT rulings not in their interests.
D) All of the above.
D
Economics
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Economists love auctions because
a. They maximize consumer surplus b. They minimize producer surplus c. They set the price for the item, avoiding costly negotiations d. They open the door to costly negotiations, with room for manipulation
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