Which of the following assertions is not correct about the multilateral approach to free trade?
A)The multilateral approach has the potential to result in freer trade than does the unilateral approach.
B)The multilateral approach may have a political advantage over the unilateral approach.
C)The multilateral approach is simpler than the unilateral approach.
D)NAFTA and GATT both represent multilateral approaches to free trade.

Question

Quizplus · Accepted Answer

The assertion that the multilateral approach is simpler than the unilateral approach is not correct. The multilateral approach involves negotiations between multiple countries, which can lead to complex agreements with many stipulations and exceptions. The unilateral approach, on the other hand, involves a single country removing or reducing its own trade barriers without negotiation with other countries, which is generally a simpler process.

Which of the Following Assertions Is Not Correct About the Multilateral