The _____ is a trade agreement that has dramatically lowered trade barriers worldwide and also created the World Trade Organization

a. European Union
b. General Agreement on Tariffs and Trade (GATT)
c. North American Free Trade Agreement (NAFTA)
d. Uruguay Round

ANSWER: d

The Uruguay Round is a trade agreement that has dramatically lowered trade barriers worldwide and also created the World Trade Organization. It is the most ambitious global trade agreement ever negotiated.

Business

You might also like to view...

In the case of ________ demand, consumers dislike the product and may even pay a price to avoid it

A) nonexistent B) overfull C) irregular D) negative E) declining

Business

You should be quick to switch life insurance policies based upon comparative returns to cash value

Indicate whether the statement is true or false.

Business