One of the most important ideas promoting free trade was GATT's most-favored-nation clause. Explain.

Question:

One of the most important ideas promoting free trade was GATT's "most-favored-nation" clause. Explain.

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For book-img-for-question

Principles of Economics

ISBN: 978-1285064437

7th edition

Authors: Fred M. Gottheil

See More Books

Question Posted: Apr 21, 2015 09:49 AM

See More Questions

One of the most important variables that must be forecasted accurately to project the cost of single-family home construction is the price of Southern pine framing lumber. Use the following data to...
The prisoners dilemma game is one of the most important models in all of social science: Most games of trust can be thought of as some kind of prisoners dilemma. Heres the classic game: Two men rob a...
One of the most important differential equations in chemistry uses the Michaelis-Menton or Monod equation. Suppose S is the concentration of a substrate that is being converted into a product. Then...
What is the purpose of using case and case type in the process identification stage?
Fill in the blanks to make the following statements correct. a. The MRP curve for a factor is the same as the firm's _______ for that factor. b. Demand for a factor will be relatively _______ if the...
How can we explain why electrons don't spiral into the attracting nucleus?
Explain the importance of a written contract.
As a supervisor in a state agency, you have a dilemma. You received this e-mail message today: From: John Inoye, Director of Personnel, Department of Taxation Subject: Need Recommendation for Peggy...
+ 2 of 3 Required information [The following information applies to the questions displayed below.] Ries, Bax, and Thomas invested $54,000, $70,000, and $78,000, respectively, in a partnership....
Identify six key actions managers can take to increase end users' acceptance and usage of a new information system and associated work processes.
The European Union started out as a customs union of six nations, but that is not what it is today. What is it today?
NAFTA is a free trade agreement among the United States, Canada, and Mexico. How does it differ from the trade agreement that binds the European Union?
Matsui Corporations charter authorized issuance of 100,000 shares of $10 par value common stock and 50,000 shares of $50 preferred stock. The following transactions involving the issuance of shares...
When comparing the effectiveness of insight therapies to drug therapies, what is the result?
Types of Issues (disorders)this therapy helps: -psychotherapy -client-center therapy -adversive conditioning -cognitive therapy of depression -family therapy -psychopharmacology -electroconvulsive...
Please provide the founders of the following theories, the interventions for each theory and what each theory targets ie depression anxiety etc. psychoanalysis neoanylitical approaches Indepen....
Presentation of the chosen therapies - explanation of how problems are understood and change occurs within each therapy; The two therapy are gestalt therapy and person centered therapy Overview of...
Treatment and Therapy Discussion 1. Compare and contrast the following psychotherapy models: Psychoanalysis, behavioral therapy, cognitive behavioral therapy and humanistic therapy. 2. Compare and...
The static and stagnation pressures of a fluid in a pipe are measured by a piezometer and a pitot tube to be 200 kPa and 210 kPa, respectively. If the density of the fluid is 550 kg/m 3 , the...
Give the structural formulas of the alkenes that, on ozonolysis, give: a. (CH3)2C=O and CH2=O b. Only (CH3CH2)2C=O c. CH3CH=O and CH3CH2CH=O d. O=CHCH2CH2CH2CH=O
Determine whether the situations below represent problems caused by asymmetric information. If so, determine whether they represent problems of moral hazard or adverse selection. a. Unrest in the...
Describe how the following facts represent solutions to problems of asymmetric information. a. Auto insurance rates are higher for teenagers than for nonteenagers. b. Your car insurance coverage...
George Akerlofs model of the used car market results in a market where only lemons are sold and there is no market for high-quality used cars. But, in fact, we observe that, in fact, the used car...
Can we justify the acquisition of Peloton Interactive Inc using NPV assuming the initial investment is 10% of the total market value of the company, 5% constant growth rate for the next three years...
Mary would like to save $10,000 at the end of 5 years for a future down payment on a car. How much should she deposit at the end of each month in a savings account that pays 1.2%/a, compounded...
AA stock price is $45/share. The stock is expected to pay dividends $2.50 in the coming year. After reviewing all information, you concluded: the price one year from now will be $50/share and you...

One of the most important ideas promoting free trade was GATT's most-favored-nation clause. Explain.

Question:

Step by Step Answer:

The most favored nation clause in GATT is an important instrument promoting reduction in ...View the full answer

Principles of Economics

Students also viewed these Economics questions