Which of the Following Is a Reason for the Pressure
Which of the following is a reason for the pressure for greater protectionism that occurred during the 1980s and early 1990s?
A) The U.S.Congress erected an enormous wall of tariff barriers.
B) Japanese economic failure strained the world trading system.
C) The persistent trade surplus in the United States strained the world trading system.
D) Many countries found ways to get around GATT regulations.
Until 1995,GATT rules applied to all of the following EXCEPT:
A) manufactured goods.
D) agricultural products.
According to the 1986 Uruguay Round,the _____ was to be created to implement the GATT agreement.
A) World Trade Organization
B) International Monetary Fund
C) United Nations
D) World Bank
After the Uruguay Round of GATT extended global trading rules to cover trade in services,the first two industries targeted for reform by the WTO were:
A) textiles and technology.
B) telecommunications and financial services.
C) automotives and aerospace.
D) agriculture and consulting services.