Which of the following was agreed upon and launched at the end of the Uruguay Round in 1994? Oa. The General Agreement on Tariffs and Trade (GATT) Ob. The World Trade Organization (WTO) c. The European Union (EU) Od. The Multifiber Arrangement (MFA)
Added by Ivan C.
Close
Step 1
Step 1: The Uruguay Round was a series of negotiations conducted under the General Agreement on Tariffs and Trade (GATT) from 1986 to 1994. Show more…
Show all steps
Your feedback will help us improve your experience
Hubert Agamasu and 88 other Microeconomics educators are ready to help you.
Ask a new question
Labs
Want to see this concept in action?
Explore this concept interactively to see how it behaves as you change inputs.
Key Concepts
Recommended Videos
Since the completion of the Uruguay Round in 1994, there has been a pronounced move towards regional integration, an increase in multilateral trade agreements, and a surge of protectionism. However, there has been a lack of progress in the trade-policy area.
Hubert A.
Which action was implemented in the Uruguay Round, finalized in December 1993? a. reduction in the protection for patents, trademarks, and copyrights b. establishment of the World Trade Organization c. extension of the GATT to cover consumer products d. enhancement of trade barriers
Sri K.
Which of the following are potentially valid arguments for tariffs or export subsidies, and which are not? Explain your answers. a. "The more oil the United States imports, the higher the price of oil will go in the next world shortage." b. "The growing exports of off-season fruit from Chile, which now accounts for 80 percent of the U.S. supply of such produce as winter grapes, are contributing to sharply falling prices of these former luxury goods." c. "U.S. farm exports don't just mean higher incomes for farmers - they mean higher income for everyone who sells goods and services to the U.S. farm sector." d. "Semiconductors are the crude oil of technology; if we don't produce our own chips, the flow of information that is crucial to every industry that uses microelectronics will be impaired." e. "The real price of timber has fallen 40 percent, and thousands of timber workers have been forced to look for other jobs."
Recommended Textbooks
Principles of Economics
Principles of Microeconomics for AP® Courses
Economics
Transcript
100,000+
Students learning Economics with Numerade
Trusted by students at 8,000+ universities
Watch the video solution with this free unlock.
EMAIL
PASSWORD