Solved

The General Agreement on Tariffs and Trade,the Predecessor of the World

Question 120

Multiple Choice
The General Agreement on Tariffs and Trade,the predecessor of the World Trade Organization,was ineffective regarding the resolution of trade disputes because:

The General Agreement on Tariffs and Trade,the predecessor of the World Trade Organization,was ineffective regarding the resolution of trade disputes because:


A) there were no enforcement rules to penalize violators.
B) member nations that lost disputes had the power to veto the sanctions imposed regarding decisions made against them.
C) there were not enough member nations to make resolution of disputes fair.
D) without a body of international precedent, there was little to base a nation's actions on, so decision-makers were hesitant to enforce sanctions against violators, due to concerns about the assurance of fairness and justice.
E) the United States withdrew from GATT, primarily due to its controversial dispute resolution provisions.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Unlock this Answer For Free Now!

View this answer and more for free by performing one of the following actions

qr-code

Scan the QR code to install the App and get 2 free unlocks

upload documents

Unlock quizzes for free by uploading documents