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Which of the following types of nontariff barriers strictly falls under the category of specific limitations on trade? A. Import credit discriminationsB. Export subsidiesC. Voluntary export restraintsD. EmbargoesE. Packaging, labeling, or marking standards
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- Which of the following was the most significant move of the 1980s that contributed toward international cooperation among trading nations? A. Formation of the United Nations Development ProgramB. Creation of the United NationsC. Establishment of the World Trade OrganizationD. Signing of the Montreal ProtocolE. Negotiation of the General Agreement on Tariffs and Trade
- a law that bars trade with another country.
- One of the basic elements of the General Agreement on Tariffs and Trade (GATT) is that: A. member nations are exempt from import tariffs to other member nations.B. all tariffs shall be abolished among member nations at the time of membership.C. the World Court shall review all trade disputes and make final judgments.D. trade shall be conducted on a nondiscriminatory basis.E. trade in services and investments will be excluded from the purview of the GATT.