Answered: GATT: A. resulted in higher…

GATT: A. resulted in higher tariffs worldwide B. was designed by the WTO C. is part of the World Bank D. was the precursor of the WTO E. resulted in high oil prices

Economics Today and Tomorrow, Student Edition

1st Edition

ISBN:9780078747663

Author:McGraw-Hill

Publisher:McGraw-Hill

Chapter18: Trading With Other Nations

Section: Chapter Questions

Problem 16AA

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Question

GATT:

	A.	resulted in higher tariffs worldwide
	B.	was designed by the WTO
	C.	is part of the World Bank
	D.	was the precursor of the WTO
	E.	resulted in high oil prices

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