A major flaw of the original General Agreement on Tariffs and Trade (GATT) was that it lacked the power to ________
A) displace the WTO
B) reduce nontariff barriers to international trade
C) govern exchange rates
D) enforce world trade rules
D
Business
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When a counteroffer is made:
a. the original offer is void. b. the original offeree is still the offeree. c. the original offeror is still the offeror. d. the original offer is considered accepted with the exceptions noted in the counteroffer.
Business
Through a _______, one firm promises through a legally binding contract or warranty to absorb the risk and costs associated with unfulfilled promises made to a partner firm
a. bridging b. trust c. commitment d. guarantee
Business