One of the global institutions that emerged over the past 75 years is GATT which stands for the General Agreement on Tariffs and O trade O time O targets O taxes

The North American Free Trade Agreement (NAFTA) is seen by some as a form of protectionism because only the countries that are part of the agreement can trade freely. True O False

Cars imported into the United States must have certain safety features to be allowed on highways and roads. Which of the following trade barriers does this situation describe? A. quota B. embargo C. standards D. tariff

Which of the following is a disadvantage of the General Agreement on Tariffs and Trade's (GATT's) policies? It abolished the Multifiber Arrangement (MFA) designed to promote free trade in textiles. O It increased the average trade tariffs among developed countries. O Non-tariff barriers that were easy to verify and challenge were removed. Trade in services and intellectual poperty (IP) protection was not covered.