Which of the following improvements resulted after the establishment of the General Agreement on Tariffs and Trade (GATT)?
A) Trade growth consistently outpaced the gross domestic product (GDP)growth.
B) The average tariffs in developed economies significantly increased.
C) Effective dispute resolution mechanism was established.
D) Trade in services and intellectual property (IP)protection was covered.

Question

Quizplus · Accepted Answer

GATT led to significant trade liberalization, resulting in trade growth often outpacing GDP growth.

Which of the Following Improvements Resulted After the Establishment of the General